{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}E:\Zarit Project\Regional Convergence.Krause & Zarit.10-08-2015.SQ PC COVARIATE MODEL.CONTROLS.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res} 8 Oct 2015, 17:17:21
{txt}
{com}. 
. 
. 
. *************     DYNAMIC ECONOMETRIC MODELS: OLS WITH NEWEY-WEST VCV ESTIMATION & SQUARED PC COVARIATES IN THE INCOME EQUATION  [SANS PARTISAN COMPETITION EQUATIONS]   ******************
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. 
. 
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. ******** OPEN DATABASE ****************
. 
. use "E:\Zarit Project\Regional Convergence.Krause & Zarit.06-08-2015.Master Database.dta", clear 
{txt}
{com}. 
. 
. set more off
{txt}
{com}. 
. 
. tsset state_fips year, yearly
{res}{txt}{col 8}panel variable:  {res}state_fips (unbalanced)
{txt}{col 9}time variable:  {res}{col 25}year, 1942 to 2010
{txt}{col 17}delta:  {res}1 year
{txt}
{com}. 
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. 
. preserve
{txt}
{com}. 
. *************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. *****************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
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. 
. *** I.A: NON-SOUTHERN STATES (N = 35): FULL TIME PERIOD (1942 - 2010): BIVARIATE DYNAMIC PANEL ARDL(4,3)--ECM REGRESSION MODELS OF STATE REAL PER CAPITA PERSONAL INCOME [real_pc_inc_ann] /// 
> ///       & STATE klarnerranney INDEX FOR PARTISAN COMPETITION IN LEGISLATURE/REPRESENTATIVE ASSEMBLIES [klarnerranney] WITH TWO-WAY FIXED EFFECTS [STATE AND TIME UNIT EFFECTS]  ***
> 
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. 
. 
. // (4,3)  MODEL
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq  l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq  l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if nonsouth==1
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     2,230{col 27}-16556.11{col 38}-15685.85{col 49}   125{col 58} 31621.71{col 69} 32335.43
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq  l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if nonsouth==1, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     2,230
{txt}maximum lag: {res}8{col 49}{txt}F(124,      2105){col 67}= {res}     33.40
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0353404{col 34}{space 2} .0091313{col 45}{space 1}   -3.87{col 54}{space 3}0.000{col 62}{space 4}-.0532477{col 75}{space 3}-.0174331
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-1.781053{col 34}{space 2} 2.248973{col 45}{space 1}   -0.79{col 54}{space 3}0.428{col 62}{space 4}-6.191495{col 75}{space 3} 2.629389
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} .0094803{col 34}{space 2}  .016808{col 45}{space 1}    0.56{col 54}{space 3}0.573{col 62}{space 4}-.0234817{col 75}{space 3} .0424423
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .3217266{col 34}{space 2} .0643008{col 45}{space 1}    5.00{col 54}{space 3}0.000{col 62}{space 4} .1956269{col 75}{space 3} .4478263
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-7.207377{col 34}{space 2} 3.426588{col 45}{space 1}   -2.10{col 54}{space 3}0.036{col 62}{space 4}-13.92723{col 75}{space 3}-.4875234
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}  .041128{col 34}{space 2} .0240587{col 45}{space 1}    1.71{col 54}{space 3}0.088{col 62}{space 4}-.0060533{col 75}{space 3} .0883093
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.0605858{col 34}{space 2} .0486632{col 45}{space 1}   -1.25{col 54}{space 3}0.213{col 62}{space 4}-.1560188{col 75}{space 3} .0348473
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} 3.466549{col 34}{space 2} 2.689654{col 45}{space 1}    1.29{col 54}{space 3}0.198{col 62}{space 4}-1.808109{col 75}{space 3} 8.741207
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-.0129883{col 34}{space 2} .0192711{col 45}{space 1}   -0.67{col 54}{space 3}0.500{col 62}{space 4}-.0507807{col 75}{space 3} .0248041
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0609161{col 34}{space 2} .0430986{col 45}{space 1}   -1.41{col 54}{space 3}0.158{col 62}{space 4}-.1454364{col 75}{space 3} .0236042
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} 1.136029{col 34}{space 2} 4.347695{col 45}{space 1}    0.26{col 54}{space 3}0.794{col 62}{space 4}-7.390198{col 75}{space 3} 9.662257
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.0087285{col 34}{space 2}  .031134{col 45}{space 1}   -0.28{col 54}{space 3}0.779{col 62}{space 4}-.0697852{col 75}{space 3} .0523281
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.3625695{col 34}{space 2} 277.8992{col 45}{space 1}   -0.00{col 54}{space 3}0.999{col 62}{space 4}-545.3483{col 75}{space 3} 544.6232
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-343.1233{col 34}{space 2} 349.8281{col 45}{space 1}   -0.98{col 54}{space 3}0.327{col 62}{space 4}-1029.168{col 75}{space 3} 342.9217
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-35.11024{col 34}{space 2} 38.54925{col 45}{space 1}   -0.91{col 54}{space 3}0.363{col 62}{space 4}-110.7089{col 75}{space 3} 40.48837
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 83.17499{col 34}{space 2} 137.6111{col 45}{space 1}    0.60{col 54}{space 3}0.546{col 62}{space 4} -186.693{col 75}{space 3}  353.043
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 417.0267{col 34}{space 2} 171.0969{col 45}{space 1}    2.44{col 54}{space 3}0.015{col 62}{space 4} 81.48997{col 75}{space 3} 752.5634
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-567.3082{col 34}{space 2} 481.0237{col 45}{space 1}   -1.18{col 54}{space 3}0.238{col 62}{space 4} -1510.64{col 75}{space 3} 376.0233
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 914.2512{col 34}{space 2} 347.0817{col 45}{space 1}    2.63{col 54}{space 3}0.008{col 62}{space 4} 233.5922{col 75}{space 3}  1594.91
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 6313.689{col 34}{space 2} 1061.517{col 45}{space 1}    5.95{col 54}{space 3}0.000{col 62}{space 4} 4231.957{col 75}{space 3}  8395.42
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} .8560549{col 34}{space 2}  18.3482{col 45}{space 1}    0.05{col 54}{space 3}0.963{col 62}{space 4}-35.12645{col 75}{space 3} 36.83856
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 7.233602{col 34}{space 2} 21.14361{col 45}{space 1}    0.34{col 54}{space 3}0.732{col 62}{space 4}-34.23095{col 75}{space 3} 48.69816
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 16.78281{col 34}{space 2} 19.99516{col 45}{space 1}    0.84{col 54}{space 3}0.401{col 62}{space 4}-22.42952{col 75}{space 3} 55.99515
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-19.98455{col 34}{space 2} 22.86984{col 45}{space 1}   -0.87{col 54}{space 3}0.382{col 62}{space 4} -64.8344{col 75}{space 3} 24.86529
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-18.79017{col 34}{space 2} 21.03996{col 45}{space 1}   -0.89{col 54}{space 3}0.372{col 62}{space 4}-60.05145{col 75}{space 3} 22.47111
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-14.96552{col 34}{space 2}  27.4684{col 45}{space 1}   -0.54{col 54}{space 3}0.586{col 62}{space 4}-68.83357{col 75}{space 3} 38.90253
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}4  {c |}{col 22}{res}{space 2} -179.136{col 34}{space 2} 99.65224{col 45}{space 1}   -1.80{col 54}{space 3}0.072{col 62}{space 4}-374.5631{col 75}{space 3}  16.2912
{txt}{space 18}6  {c |}{col 22}{res}{space 2}   -107.5{col 34}{space 2}   95.339{col 45}{space 1}   -1.13{col 54}{space 3}0.260{col 62}{space 4}-294.4685{col 75}{space 3} 79.46854
{txt}{space 18}8  {c |}{col 22}{res}{space 2}-125.8087{col 34}{space 2} 103.4545{col 45}{space 1}   -1.22{col 54}{space 3}0.224{col 62}{space 4}-328.6924{col 75}{space 3} 77.07494
{txt}{space 18}9  {c |}{col 22}{res}{space 2} 27.90704{col 34}{space 2} 113.4062{col 45}{space 1}    0.25{col 54}{space 3}0.806{col 62}{space 4} -194.493{col 75}{space 3} 250.3071
{txt}{space 17}10  {c |}{col 22}{res}{space 2}-89.29088{col 34}{space 2} 103.0665{col 45}{space 1}   -0.87{col 54}{space 3}0.386{col 62}{space 4}-291.4137{col 75}{space 3} 112.8319
{txt}{space 17}15  {c |}{col 22}{res}{space 2}-107.4009{col 34}{space 2} 118.0655{col 45}{space 1}   -0.91{col 54}{space 3}0.363{col 62}{space 4}-338.9382{col 75}{space 3} 124.1365
{txt}{space 17}16  {c |}{col 22}{res}{space 2}-171.0375{col 34}{space 2} 104.0311{col 45}{space 1}   -1.64{col 54}{space 3}0.100{col 62}{space 4}-375.0521{col 75}{space 3} 32.97705
{txt}{space 17}17  {c |}{col 22}{res}{space 2}-115.6253{col 34}{space 2} 97.15104{col 45}{space 1}   -1.19{col 54}{space 3}0.234{col 62}{space 4}-306.1474{col 75}{space 3} 74.89675
{txt}{space 17}18  {c |}{col 22}{res}{space 2}-182.6329{col 34}{space 2} 98.77935{col 45}{space 1}   -1.85{col 54}{space 3}0.065{col 62}{space 4}-376.3482{col 75}{space 3} 11.08248
{txt}{space 17}19  {c |}{col 22}{res}{space 2}-91.02688{col 34}{space 2}  101.182{col 45}{space 1}   -0.90{col 54}{space 3}0.368{col 62}{space 4} -289.454{col 75}{space 3} 107.4002
{txt}{space 17}20  {c |}{col 22}{res}{space 2}-114.1237{col 34}{space 2} 100.7379{col 45}{space 1}   -1.13{col 54}{space 3}0.257{col 62}{space 4}-311.6801{col 75}{space 3} 83.43261
{txt}{space 17}23  {c |}{col 22}{res}{space 2}-225.7149{col 34}{space 2} 99.45719{col 45}{space 1}   -2.27{col 54}{space 3}0.023{col 62}{space 4}-420.7596{col 75}{space 3}-30.67029
{txt}{space 17}24  {c |}{col 22}{res}{space 2}-74.16401{col 34}{space 2} 105.3166{col 45}{space 1}   -0.70{col 54}{space 3}0.481{col 62}{space 4}-280.6996{col 75}{space 3} 132.3715
{txt}{space 17}25  {c |}{col 22}{res}{space 2}-76.99093{col 34}{space 2} 108.8503{col 45}{space 1}   -0.71{col 54}{space 3}0.479{col 62}{space 4}-290.4563{col 75}{space 3} 136.4744
{txt}{space 17}26  {c |}{col 22}{res}{space 2}-176.3055{col 34}{space 2} 99.94196{col 45}{space 1}   -1.76{col 54}{space 3}0.078{col 62}{space 4}-372.3008{col 75}{space 3} 19.68986
{txt}{space 17}27  {c |}{col 22}{res}{space 2}-95.93614{col 34}{space 2} 95.53222{col 45}{space 1}   -1.00{col 54}{space 3}0.315{col 62}{space 4}-283.2836{col 75}{space 3} 91.41129
{txt}{space 17}29  {c |}{col 22}{res}{space 2}-210.5707{col 34}{space 2} 99.20611{col 45}{space 1}   -2.12{col 54}{space 3}0.034{col 62}{space 4} -405.123{col 75}{space 3}-16.01846
{txt}{space 17}30  {c |}{col 22}{res}{space 2}-162.0946{col 34}{space 2} 107.1146{col 45}{space 1}   -1.51{col 54}{space 3}0.130{col 62}{space 4}-372.1562{col 75}{space 3} 47.96697
{txt}{space 17}32  {c |}{col 22}{res}{space 2}-80.47309{col 34}{space 2} 108.7479{col 45}{space 1}   -0.74{col 54}{space 3}0.459{col 62}{space 4}-293.7378{col 75}{space 3} 132.7916
{txt}{space 17}33  {c |}{col 22}{res}{space 2}-100.4432{col 34}{space 2} 103.8905{col 45}{space 1}   -0.97{col 54}{space 3}0.334{col 62}{space 4}-304.1819{col 75}{space 3} 103.2955
{txt}{space 17}34  {c |}{col 22}{res}{space 2}-11.56464{col 34}{space 2} 105.8996{col 45}{space 1}   -0.11{col 54}{space 3}0.913{col 62}{space 4}-219.2434{col 75}{space 3} 196.1142
{txt}{space 17}35  {c |}{col 22}{res}{space 2}-239.2499{col 34}{space 2}  101.256{col 45}{space 1}   -2.36{col 54}{space 3}0.018{col 62}{space 4}-437.8221{col 75}{space 3}-40.67767
{txt}{space 17}36  {c |}{col 22}{res}{space 2}-65.44921{col 34}{space 2} 105.1644{col 45}{space 1}   -0.62{col 54}{space 3}0.534{col 62}{space 4}-271.6862{col 75}{space 3} 140.7877
{txt}{space 17}38  {c |}{col 22}{res}{space 2} -63.7742{col 34}{space 2} 125.2692{col 45}{space 1}   -0.51{col 54}{space 3}0.611{col 62}{space 4}-309.4386{col 75}{space 3} 181.8902
{txt}{space 17}39  {c |}{col 22}{res}{space 2}-180.1359{col 34}{space 2} 97.32081{col 45}{space 1}   -1.85{col 54}{space 3}0.064{col 62}{space 4}-370.9909{col 75}{space 3} 10.71909
{txt}{space 17}41  {c |}{col 22}{res}{space 2}-169.2959{col 34}{space 2} 95.54715{col 45}{space 1}   -1.77{col 54}{space 3}0.077{col 62}{space 4}-356.6726{col 75}{space 3} 18.08077
{txt}{space 17}42  {c |}{col 22}{res}{space 2}-151.8011{col 34}{space 2} 97.48694{col 45}{space 1}   -1.56{col 54}{space 3}0.120{col 62}{space 4}-342.9819{col 75}{space 3} 39.37971
{txt}{space 17}44  {c |}{col 22}{res}{space 2} -184.712{col 34}{space 2} 102.3116{col 45}{space 1}   -1.81{col 54}{space 3}0.071{col 62}{space 4}-385.3544{col 75}{space 3} 15.93045
{txt}{space 17}46  {c |}{col 22}{res}{space 2} -61.2373{col 34}{space 2} 118.9505{col 45}{space 1}   -0.51{col 54}{space 3}0.607{col 62}{space 4}  -294.51{col 75}{space 3} 172.0354
{txt}{space 17}49  {c |}{col 22}{res}{space 2}-206.2074{col 34}{space 2} 101.9337{col 45}{space 1}   -2.02{col 54}{space 3}0.043{col 62}{space 4}-406.1088{col 75}{space 3}-6.305987
{txt}{space 17}50  {c |}{col 22}{res}{space 2}-166.5588{col 34}{space 2} 99.76215{col 45}{space 1}   -1.67{col 54}{space 3}0.095{col 62}{space 4}-362.2015{col 75}{space 3} 29.08388
{txt}{space 17}53  {c |}{col 22}{res}{space 2}-110.1751{col 34}{space 2} 95.88146{col 45}{space 1}   -1.15{col 54}{space 3}0.251{col 62}{space 4}-298.2074{col 75}{space 3} 77.85721
{txt}{space 17}55  {c |}{col 22}{res}{space 2}-147.8003{col 34}{space 2} 94.82023{col 45}{space 1}   -1.56{col 54}{space 3}0.119{col 62}{space 4}-333.7515{col 75}{space 3} 38.15085
{txt}{space 17}56  {c |}{col 22}{res}{space 2}-24.92177{col 34}{space 2} 120.7788{col 45}{space 1}   -0.21{col 54}{space 3}0.837{col 62}{space 4}-261.7801{col 75}{space 3} 211.9366
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1947  {c |}{col 22}{res}{space 2} 97.41592{col 34}{space 2}  95.7508{col 45}{space 1}    1.02{col 54}{space 3}0.309{col 62}{space 4}-90.36016{col 75}{space 3}  285.192
{txt}{space 15}1948  {c |}{col 22}{res}{space 2} 507.9689{col 34}{space 2} 83.91446{col 45}{space 1}    6.05{col 54}{space 3}0.000{col 62}{space 4}  343.405{col 75}{space 3} 672.5328
{txt}{space 15}1949  {c |}{col 22}{res}{space 2} 136.0298{col 34}{space 2} 108.4234{col 45}{space 1}    1.25{col 54}{space 3}0.210{col 62}{space 4}-76.59848{col 75}{space 3} 348.6581
{txt}{space 15}1950  {c |}{col 22}{res}{space 2} 620.4763{col 34}{space 2} 100.2786{col 45}{space 1}    6.19{col 54}{space 3}0.000{col 62}{space 4} 423.8208{col 75}{space 3} 817.1318
{txt}{space 15}1951  {c |}{col 22}{res}{space 2} 403.3822{col 34}{space 2} 101.2075{col 45}{space 1}    3.99{col 54}{space 3}0.000{col 62}{space 4}  204.905{col 75}{space 3} 601.8594
{txt}{space 15}1952  {c |}{col 22}{res}{space 2} 490.9215{col 34}{space 2} 82.46502{col 45}{space 1}    5.95{col 54}{space 3}0.000{col 62}{space 4} 329.2001{col 75}{space 3}  652.643
{txt}{space 15}1953  {c |}{col 22}{res}{space 2} 374.6423{col 34}{space 2} 87.51154{col 45}{space 1}    4.28{col 54}{space 3}0.000{col 62}{space 4} 203.0241{col 75}{space 3} 546.2604
{txt}{space 15}1954  {c |}{col 22}{res}{space 2} 142.0948{col 34}{space 2} 83.93753{col 45}{space 1}    1.69{col 54}{space 3}0.091{col 62}{space 4}-22.51443{col 75}{space 3}  306.704
{txt}{space 15}1955  {c |}{col 22}{res}{space 2} 719.4265{col 34}{space 2} 80.50786{col 45}{space 1}    8.94{col 54}{space 3}0.000{col 62}{space 4} 561.5432{col 75}{space 3} 877.3098
{txt}{space 15}1956  {c |}{col 22}{res}{space 2}   422.86{col 34}{space 2} 98.94998{col 45}{space 1}    4.27{col 54}{space 3}0.000{col 62}{space 4} 228.8101{col 75}{space 3}   616.91
{txt}{space 15}1957  {c |}{col 22}{res}{space 2} 323.9315{col 34}{space 2} 97.41852{col 45}{space 1}    3.33{col 54}{space 3}0.001{col 62}{space 4} 132.8849{col 75}{space 3} 514.9781
{txt}{space 15}1958  {c |}{col 22}{res}{space 2} 302.3084{col 34}{space 2} 86.04116{col 45}{space 1}    3.51{col 54}{space 3}0.000{col 62}{space 4} 133.5738{col 75}{space 3} 471.0429
{txt}{space 15}1959  {c |}{col 22}{res}{space 2} 624.0644{col 34}{space 2} 89.42104{col 45}{space 1}    6.98{col 54}{space 3}0.000{col 62}{space 4} 448.7016{col 75}{space 3} 799.4273
{txt}{space 15}1960  {c |}{col 22}{res}{space 2} 328.6546{col 34}{space 2} 106.2386{col 45}{space 1}    3.09{col 54}{space 3}0.002{col 62}{space 4} 120.3111{col 75}{space 3} 536.9982
{txt}{space 15}1961  {c |}{col 22}{res}{space 2} 424.3277{col 34}{space 2}  94.2673{col 45}{space 1}    4.50{col 54}{space 3}0.000{col 62}{space 4} 239.4609{col 75}{space 3} 609.1945
{txt}{space 15}1962  {c |}{col 22}{res}{space 2} 698.0632{col 34}{space 2} 95.73787{col 45}{space 1}    7.29{col 54}{space 3}0.000{col 62}{space 4} 510.3125{col 75}{space 3} 885.8139
{txt}{space 15}1963  {c |}{col 22}{res}{space 2}   433.99{col 34}{space 2} 92.62881{col 45}{space 1}    4.69{col 54}{space 3}0.000{col 62}{space 4} 252.3364{col 75}{space 3} 615.6436
{txt}{space 15}1964  {c |}{col 22}{res}{space 2} 634.0381{col 34}{space 2} 90.32571{col 45}{space 1}    7.02{col 54}{space 3}0.000{col 62}{space 4} 456.9011{col 75}{space 3} 811.1751
{txt}{space 15}1965  {c |}{col 22}{res}{space 2} 739.0642{col 34}{space 2} 95.30211{col 45}{space 1}    7.75{col 54}{space 3}0.000{col 62}{space 4}  552.168{col 75}{space 3} 925.9604
{txt}{space 15}1966  {c |}{col 22}{res}{space 2} 671.3943{col 34}{space 2} 99.16814{col 45}{space 1}    6.77{col 54}{space 3}0.000{col 62}{space 4} 476.9165{col 75}{space 3} 865.8721
{txt}{space 15}1967  {c |}{col 22}{res}{space 2} 604.4043{col 34}{space 2} 91.55002{col 45}{space 1}    6.60{col 54}{space 3}0.000{col 62}{space 4} 424.8663{col 75}{space 3} 783.9422
{txt}{space 15}1968  {c |}{col 22}{res}{space 2} 713.9805{col 34}{space 2}  93.0107{col 45}{space 1}    7.68{col 54}{space 3}0.000{col 62}{space 4}  531.578{col 75}{space 3}  896.383
{txt}{space 15}1969  {c |}{col 22}{res}{space 2} 703.4178{col 34}{space 2} 97.60326{col 45}{space 1}    7.21{col 54}{space 3}0.000{col 62}{space 4} 512.0089{col 75}{space 3} 894.8268
{txt}{space 15}1970  {c |}{col 22}{res}{space 2} 494.1803{col 34}{space 2} 95.18738{col 45}{space 1}    5.19{col 54}{space 3}0.000{col 62}{space 4} 307.5092{col 75}{space 3} 680.8515
{txt}{space 15}1971  {c |}{col 22}{res}{space 2} 660.3991{col 34}{space 2} 82.58202{col 45}{space 1}    8.00{col 54}{space 3}0.000{col 62}{space 4} 498.4482{col 75}{space 3}   822.35
{txt}{space 15}1972  {c |}{col 22}{res}{space 2} 984.4954{col 34}{space 2} 92.85394{col 45}{space 1}   10.60{col 54}{space 3}0.000{col 62}{space 4} 802.4004{col 75}{space 3} 1166.591
{txt}{space 15}1973  {c |}{col 22}{res}{space 2} 999.3401{col 34}{space 2} 141.1768{col 45}{space 1}    7.08{col 54}{space 3}0.000{col 62}{space 4} 722.4794{col 75}{space 3} 1276.201
{txt}{space 15}1974  {c |}{col 22}{res}{space 2}  205.871{col 34}{space 2} 94.30148{col 45}{space 1}    2.18{col 54}{space 3}0.029{col 62}{space 4} 20.93713{col 75}{space 3} 390.8048
{txt}{space 15}1975  {c |}{col 22}{res}{space 2} 501.9844{col 34}{space 2}  108.307{col 45}{space 1}    4.63{col 54}{space 3}0.000{col 62}{space 4} 289.5844{col 75}{space 3} 714.3845
{txt}{space 15}1976  {c |}{col 22}{res}{space 2} 805.5386{col 34}{space 2} 97.33014{col 45}{space 1}    8.28{col 54}{space 3}0.000{col 62}{space 4} 614.6653{col 75}{space 3} 996.4119
{txt}{space 15}1977  {c |}{col 22}{res}{space 2} 541.1012{col 34}{space 2} 131.8936{col 45}{space 1}    4.10{col 54}{space 3}0.000{col 62}{space 4} 282.4457{col 75}{space 3} 799.7567
{txt}{space 15}1978  {c |}{col 22}{res}{space 2} 828.0259{col 34}{space 2} 114.5787{col 45}{space 1}    7.23{col 54}{space 3}0.000{col 62}{space 4} 603.3266{col 75}{space 3} 1052.725
{txt}{space 15}1979  {c |}{col 22}{res}{space 2} 305.1124{col 34}{space 2} 94.35524{col 45}{space 1}    3.23{col 54}{space 3}0.001{col 62}{space 4} 120.0731{col 75}{space 3} 490.1517
{txt}{space 15}1980  {c |}{col 22}{res}{space 2} 149.4299{col 34}{space 2} 98.87353{col 45}{space 1}    1.51{col 54}{space 3}0.131{col 62}{space 4} -44.4701{col 75}{space 3}   343.33
{txt}{space 15}1981  {c |}{col 22}{res}{space 2} 630.2829{col 34}{space 2} 88.59539{col 45}{space 1}    7.11{col 54}{space 3}0.000{col 62}{space 4} 456.5392{col 75}{space 3} 804.0266
{txt}{space 15}1982  {c |}{col 22}{res}{space 2}  476.279{col 34}{space 2} 108.3235{col 45}{space 1}    4.40{col 54}{space 3}0.000{col 62}{space 4} 263.8467{col 75}{space 3} 688.7114
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} 666.7185{col 34}{space 2} 106.1897{col 45}{space 1}    6.28{col 54}{space 3}0.000{col 62}{space 4} 458.4707{col 75}{space 3} 874.9662
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 965.4097{col 34}{space 2}  97.1827{col 45}{space 1}    9.93{col 54}{space 3}0.000{col 62}{space 4} 774.8255{col 75}{space 3} 1155.994
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 637.6614{col 34}{space 2} 102.1535{col 45}{space 1}    6.24{col 54}{space 3}0.000{col 62}{space 4}  437.329{col 75}{space 3} 837.9937
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 839.2229{col 34}{space 2} 89.31054{col 45}{space 1}    9.40{col 54}{space 3}0.000{col 62}{space 4} 664.0768{col 75}{space 3} 1014.369
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 665.1533{col 34}{space 2} 93.78569{col 45}{space 1}    7.09{col 54}{space 3}0.000{col 62}{space 4}  481.231{col 75}{space 3} 849.0757
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 801.4266{col 34}{space 2}  107.193{col 45}{space 1}    7.48{col 54}{space 3}0.000{col 62}{space 4} 591.2112{col 75}{space 3} 1011.642
{txt}{space 15}1989  {c |}{col 22}{res}{space 2}  801.501{col 34}{space 2}  105.629{col 45}{space 1}    7.59{col 54}{space 3}0.000{col 62}{space 4} 594.3528{col 75}{space 3} 1008.649
{txt}{space 15}1990  {c |}{col 22}{res}{space 2} 441.7005{col 34}{space 2} 109.2903{col 45}{space 1}    4.04{col 54}{space 3}0.000{col 62}{space 4} 227.3721{col 75}{space 3} 656.0288
{txt}{space 15}1991  {c |}{col 22}{res}{space 2} 412.9638{col 34}{space 2} 101.0605{col 45}{space 1}    4.09{col 54}{space 3}0.000{col 62}{space 4} 214.7748{col 75}{space 3} 611.1528
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 893.8453{col 34}{space 2} 100.5037{col 45}{space 1}    8.89{col 54}{space 3}0.000{col 62}{space 4} 696.7483{col 75}{space 3} 1090.942
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 465.7567{col 34}{space 2} 116.6618{col 45}{space 1}    3.99{col 54}{space 3}0.000{col 62}{space 4} 236.9722{col 75}{space 3} 694.5412
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 797.6643{col 34}{space 2} 108.9473{col 45}{space 1}    7.32{col 54}{space 3}0.000{col 62}{space 4} 584.0088{col 75}{space 3}  1011.32
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 645.0613{col 34}{space 2} 110.1881{col 45}{space 1}    5.85{col 54}{space 3}0.000{col 62}{space 4} 428.9723{col 75}{space 3} 861.1503
{txt}{space 15}1996  {c |}{col 22}{res}{space 2}   840.54{col 34}{space 2} 112.1452{col 45}{space 1}    7.50{col 54}{space 3}0.000{col 62}{space 4} 620.6129{col 75}{space 3} 1060.467
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 849.6923{col 34}{space 2} 111.0907{col 45}{space 1}    7.65{col 54}{space 3}0.000{col 62}{space 4} 631.8333{col 75}{space 3} 1067.551
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 1223.847{col 34}{space 2} 114.6437{col 45}{space 1}   10.68{col 54}{space 3}0.000{col 62}{space 4} 999.0205{col 75}{space 3} 1448.674
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 679.2893{col 34}{space 2} 123.2786{col 45}{space 1}    5.51{col 54}{space 3}0.000{col 62}{space 4} 437.5286{col 75}{space 3} 921.0499
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 1184.803{col 34}{space 2} 114.2044{col 45}{space 1}   10.37{col 54}{space 3}0.000{col 62}{space 4}  960.838{col 75}{space 3} 1408.769
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 611.8816{col 34}{space 2} 129.3328{col 45}{space 1}    4.73{col 54}{space 3}0.000{col 62}{space 4} 358.2482{col 75}{space 3} 865.5151
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 624.5629{col 34}{space 2} 122.5239{col 45}{space 1}    5.10{col 54}{space 3}0.000{col 62}{space 4} 384.2824{col 75}{space 3} 864.8435
{txt}{space 15}2003  {c |}{col 22}{res}{space 2} 785.1997{col 34}{space 2} 121.4291{col 45}{space 1}    6.47{col 54}{space 3}0.000{col 62}{space 4} 547.0662{col 75}{space 3} 1023.333
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 1035.899{col 34}{space 2} 132.4511{col 45}{space 1}    7.82{col 54}{space 3}0.000{col 62}{space 4} 776.1502{col 75}{space 3} 1295.648
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 661.7018{col 34}{space 2} 138.2915{col 45}{space 1}    4.78{col 54}{space 3}0.000{col 62}{space 4} 390.4996{col 75}{space 3} 932.9041
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 1184.481{col 34}{space 2} 144.8642{col 45}{space 1}    8.18{col 54}{space 3}0.000{col 62}{space 4} 900.3895{col 75}{space 3} 1468.573
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 888.7906{col 34}{space 2} 136.9187{col 45}{space 1}    6.49{col 54}{space 3}0.000{col 62}{space 4} 620.2806{col 75}{space 3} 1157.301
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 708.1032{col 34}{space 2} 149.6083{col 45}{space 1}    4.73{col 54}{space 3}0.000{col 62}{space 4} 414.7077{col 75}{space 3} 1001.499
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} -103.147{col 34}{space 2}  141.018{col 45}{space 1}   -0.73{col 54}{space 3}0.465{col 62}{space 4}-379.6962{col 75}{space 3} 173.4022
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 1141.123{col 34}{space 2} 128.6059{col 45}{space 1}    8.87{col 54}{space 3}0.000{col 62}{space 4} 888.9148{col 75}{space 3} 1393.331
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2}-797.2303{col 34}{space 2} 316.2499{col 45}{space 1}   -2.52{col 54}{space 3}0.012{col 62}{space 4}-1417.425{col 75}{space 3}-177.0353
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallfull if nonsouth==1
{txt}(option xb assumed; fitted values)
(1,109 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,  2105) ={res}   14.98
{txt}{col 13}Prob > F ={res}    0.0001
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,  2105) ={res}    7.65
{txt}{col 13}Prob > F ={res}    0.0005
{txt}
{com}. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  4,  2105) ={res}    0.89
{txt}{col 13}Prob > F ={res}    0.4673
{txt}
{com}. 
. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.604799{col 26}{space 2} 5.395726{col 37}{space 1}   -0.48{col 46}{space 3}0.629{col 54}{space 4}-13.18631{col 67}{space 3} 7.976714
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.585387{col 26}{space 2} 5.359262{col 37}{space 1}   -0.48{col 46}{space 3}0.630{col 54}{space 4}-13.09539{col 67}{space 3} 7.924617
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-50.39708{col 26}{space 2} 64.23552{col 37}{space 1}   -0.78{col 46}{space 3}0.433{col 54}{space 4}-176.2964{col 67}{space 3} 75.50222
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-50.12882{col 26}{space 2} 63.76542{col 37}{space 1}   -0.79{col 46}{space 3}0.432{col 54}{space 4}-175.1067{col 67}{space 3}  74.8491
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
.  
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. // (5,4)  MODEL
. 
. 
. 
. *** I.B: NON-SOUTHERN STATES (N = 35): PRE-PARTISAN ALIGNMENT TIME PERIOD (1942 -1980) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq  l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l4.d.real_pc_inc_ann l3.d.klarnerranney l3.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified  i.state_fips i.year if year <=1980 & nonsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     1,148{col 27}-8508.191{col 38}-8051.061{col 49}    97{col 58} 16296.12{col 69} 16785.56
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq  l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l4.d.real_pc_inc_ann l3.d.klarnerranney l3.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified  i.state_fips i.year if year <=1980 & nonsouth==1, lag(6) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     1,148
{txt}maximum lag: {res}6{col 49}{txt}F( 96,      1051){col 67}= {res}     22.59
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} -.206477{col 34}{space 2} .0403829{col 45}{space 1}   -5.11{col 54}{space 3}0.000{col 62}{space 4}-.2857172{col 75}{space 3}-.1272368
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-4.027848{col 34}{space 2} 3.033088{col 45}{space 1}   -1.33{col 54}{space 3}0.184{col 62}{space 4}-9.979446{col 75}{space 3}  1.92375
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} .0219595{col 34}{space 2}  .024106{col 45}{space 1}    0.91{col 54}{space 3}0.363{col 62}{space 4}-.0253418{col 75}{space 3} .0692607
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .3711876{col 34}{space 2} .1132903{col 45}{space 1}    3.28{col 54}{space 3}0.001{col 62}{space 4} .1488866{col 75}{space 3} .5934886
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-7.374983{col 34}{space 2} 3.968652{col 45}{space 1}   -1.86{col 54}{space 3}0.063{col 62}{space 4}-15.16237{col 75}{space 3} .4123994
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} .0431454{col 34}{space 2} .0292796{col 45}{space 1}    1.47{col 54}{space 3}0.141{col 62}{space 4}-.0143076{col 75}{space 3} .1005985
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.0610525{col 34}{space 2} .0742889{col 45}{space 1}   -0.82{col 54}{space 3}0.411{col 62}{space 4} -.206824{col 75}{space 3}  .084719
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} 6.641692{col 34}{space 2} 3.266135{col 45}{space 1}    2.03{col 54}{space 3}0.042{col 62}{space 4} .2328038{col 75}{space 3} 13.05058
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-.0335652{col 34}{space 2} .0243945{col 45}{space 1}   -1.38{col 54}{space 3}0.169{col 62}{space 4}-.0814328{col 75}{space 3} .0143024
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0212274{col 34}{space 2} .0634916{col 45}{space 1}   -0.33{col 54}{space 3}0.738{col 62}{space 4}-.1458121{col 75}{space 3} .1033573
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} 1.090035{col 34}{space 2}  4.91228{col 45}{space 1}    0.22{col 54}{space 3}0.824{col 62}{space 4}-8.548957{col 75}{space 3} 10.72903
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.0095252{col 34}{space 2} .0348401{col 45}{space 1}   -0.27{col 54}{space 3}0.785{col 62}{space 4}-.0778893{col 75}{space 3} .0588389
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L4D. {c |}{col 22}{res}{space 2} .0686909{col 34}{space 2} .0492372{col 45}{space 1}    1.40{col 54}{space 3}0.163{col 62}{space 4}-.0279236{col 75}{space 3} .1653053
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2} 4.513804{col 34}{space 2} 3.451449{col 45}{space 1}    1.31{col 54}{space 3}0.191{col 62}{space 4}-2.258712{col 75}{space 3} 11.28632
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0287204{col 34}{space 2}  .025103{col 45}{space 1}   -1.14{col 54}{space 3}0.253{col 62}{space 4}-.0779781{col 75}{space 3} .0205373
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-187.7404{col 34}{space 2} 227.6894{col 45}{space 1}   -0.82{col 54}{space 3}0.410{col 62}{space 4}-634.5179{col 75}{space 3} 259.0371
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-76.31168{col 34}{space 2} 349.1965{col 45}{space 1}   -0.22{col 54}{space 3}0.827{col 62}{space 4}-761.5134{col 75}{space 3} 608.8901
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-31.16571{col 34}{space 2} 72.05175{col 45}{space 1}   -0.43{col 54}{space 3}0.665{col 62}{space 4}-172.5474{col 75}{space 3} 110.2159
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 253.8633{col 34}{space 2} 211.4021{col 45}{space 1}    1.20{col 54}{space 3}0.230{col 62}{space 4}-160.9549{col 75}{space 3} 668.6815
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}  351.133{col 34}{space 2} 242.1186{col 45}{space 1}    1.45{col 54}{space 3}0.147{col 62}{space 4}-123.9578{col 75}{space 3} 826.2238
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 41.60185{col 34}{space 2}  698.901{col 45}{space 1}    0.06{col 54}{space 3}0.953{col 62}{space 4}-1329.798{col 75}{space 3} 1413.002
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}   806.77{col 34}{space 2} 610.0462{col 45}{space 1}    1.32{col 54}{space 3}0.186{col 62}{space 4}-390.2772{col 75}{space 3} 2003.817
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 5155.714{col 34}{space 2} 1504.299{col 45}{space 1}    3.43{col 54}{space 3}0.001{col 62}{space 4} 2203.942{col 75}{space 3} 8107.485
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 46.28868{col 34}{space 2} 29.04881{col 45}{space 1}    1.59{col 54}{space 3}0.111{col 62}{space 4}-10.71159{col 75}{space 3} 103.2889
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-16.54101{col 34}{space 2} 31.43993{col 45}{space 1}   -0.53{col 54}{space 3}0.599{col 62}{space 4} -78.2332{col 75}{space 3} 45.15117
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-31.92773{col 34}{space 2}  32.2131{col 45}{space 1}   -0.99{col 54}{space 3}0.322{col 62}{space 4}-95.13704{col 75}{space 3} 31.28158
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 19.53203{col 34}{space 2} 35.20285{col 45}{space 1}    0.55{col 54}{space 3}0.579{col 62}{space 4}-49.54384{col 75}{space 3} 88.60789
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-17.61392{col 34}{space 2} 33.79258{col 45}{space 1}   -0.52{col 54}{space 3}0.602{col 62}{space 4}-83.92251{col 75}{space 3} 48.69468
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-52.20107{col 34}{space 2} 41.70581{col 45}{space 1}   -1.25{col 54}{space 3}0.211{col 62}{space 4}-134.0372{col 75}{space 3} 29.63506
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}4  {c |}{col 22}{res}{space 2}-1209.449{col 34}{space 2} 340.2004{col 45}{space 1}   -3.56{col 54}{space 3}0.000{col 62}{space 4}-1876.998{col 75}{space 3}-541.9001
{txt}{space 18}6  {c |}{col 22}{res}{space 2}-681.0395{col 34}{space 2}  287.477{col 45}{space 1}   -2.37{col 54}{space 3}0.018{col 62}{space 4}-1245.134{col 75}{space 3}-116.9454
{txt}{space 18}8  {c |}{col 22}{res}{space 2}-1036.479{col 34}{space 2} 328.3699{col 45}{space 1}   -3.16{col 54}{space 3}0.002{col 62}{space 4}-1680.814{col 75}{space 3}-392.1434
{txt}{space 18}9  {c |}{col 22}{res}{space 2}-620.2123{col 34}{space 2} 285.1829{col 45}{space 1}   -2.17{col 54}{space 3}0.030{col 62}{space 4}-1179.805{col 75}{space 3}-60.61956
{txt}{space 17}10  {c |}{col 22}{res}{space 2}-696.5864{col 34}{space 2} 288.7995{col 45}{space 1}   -2.41{col 54}{space 3}0.016{col 62}{space 4}-1263.276{col 75}{space 3}-129.8971
{txt}{space 17}15  {c |}{col 22}{res}{space 2}-639.0348{col 34}{space 2} 295.1652{col 45}{space 1}   -2.17{col 54}{space 3}0.031{col 62}{space 4}-1218.215{col 75}{space 3}-59.85477
{txt}{space 17}16  {c |}{col 22}{res}{space 2}-1221.341{col 34}{space 2} 359.2487{col 45}{space 1}   -3.40{col 54}{space 3}0.001{col 62}{space 4}-1926.267{col 75}{space 3}-516.4149
{txt}{space 17}17  {c |}{col 22}{res}{space 2}-775.8173{col 34}{space 2} 290.5079{col 45}{space 1}   -2.67{col 54}{space 3}0.008{col 62}{space 4}-1345.859{col 75}{space 3}-205.7757
{txt}{space 17}18  {c |}{col 22}{res}{space 2}-1077.434{col 34}{space 2} 322.6635{col 45}{space 1}   -3.34{col 54}{space 3}0.001{col 62}{space 4}-1710.572{col 75}{space 3}-444.2961
{txt}{space 17}19  {c |}{col 22}{res}{space 2}-1064.366{col 34}{space 2} 345.9271{col 45}{space 1}   -3.08{col 54}{space 3}0.002{col 62}{space 4}-1743.152{col 75}{space 3}-385.5791
{txt}{space 17}20  {c |}{col 22}{res}{space 2}-1106.249{col 34}{space 2} 339.2344{col 45}{space 1}   -3.26{col 54}{space 3}0.001{col 62}{space 4}-1771.903{col 75}{space 3}-440.5952
{txt}{space 17}23  {c |}{col 22}{res}{space 2}-1426.869{col 34}{space 2} 359.3596{col 45}{space 1}   -3.97{col 54}{space 3}0.000{col 62}{space 4}-2132.013{col 75}{space 3}-721.7252
{txt}{space 17}24  {c |}{col 22}{res}{space 2}-910.8042{col 34}{space 2} 307.9435{col 45}{space 1}   -2.96{col 54}{space 3}0.003{col 62}{space 4}-1515.058{col 75}{space 3}-306.5502
{txt}{space 17}25  {c |}{col 22}{res}{space 2}-956.3791{col 34}{space 2} 308.4045{col 45}{space 1}   -3.10{col 54}{space 3}0.002{col 62}{space 4}-1561.538{col 75}{space 3}-351.2204
{txt}{space 17}26  {c |}{col 22}{res}{space 2}-921.3193{col 34}{space 2}   301.61{col 45}{space 1}   -3.05{col 54}{space 3}0.002{col 62}{space 4}-1513.146{col 75}{space 3}-329.4931
{txt}{space 17}27  {c |}{col 22}{res}{space 2}-1038.438{col 34}{space 2} 327.7888{col 45}{space 1}   -3.17{col 54}{space 3}0.002{col 62}{space 4}-1681.633{col 75}{space 3}-395.2428
{txt}{space 17}29  {c |}{col 22}{res}{space 2}-1174.243{col 34}{space 2} 339.8376{col 45}{space 1}   -3.46{col 54}{space 3}0.001{col 62}{space 4} -1841.08{col 75}{space 3}-507.4053
{txt}{space 17}30  {c |}{col 22}{res}{space 2}-1103.438{col 34}{space 2} 345.2111{col 45}{space 1}   -3.20{col 54}{space 3}0.001{col 62}{space 4}-1780.819{col 75}{space 3}-426.0561
{txt}{space 17}32  {c |}{col 22}{res}{space 2}-598.1153{col 34}{space 2} 290.4806{col 45}{space 1}   -2.06{col 54}{space 3}0.040{col 62}{space 4}-1168.103{col 75}{space 3}-28.12741
{txt}{space 17}33  {c |}{col 22}{res}{space 2}-1128.807{col 34}{space 2} 332.2751{col 45}{space 1}   -3.40{col 54}{space 3}0.001{col 62}{space 4}-1780.805{col 75}{space 3} -476.809
{txt}{space 17}34  {c |}{col 22}{res}{space 2}-736.5365{col 34}{space 2} 290.1869{col 45}{space 1}   -2.54{col 54}{space 3}0.011{col 62}{space 4}-1305.948{col 75}{space 3}-167.1248
{txt}{space 17}35  {c |}{col 22}{res}{space 2}-1406.508{col 34}{space 2} 372.1131{col 45}{space 1}   -3.78{col 54}{space 3}0.000{col 62}{space 4}-2136.677{col 75}{space 3}-676.3383
{txt}{space 17}36  {c |}{col 22}{res}{space 2} -730.135{col 34}{space 2} 286.7356{col 45}{space 1}   -2.55{col 54}{space 3}0.011{col 62}{space 4}-1292.774{col 75}{space 3}-167.4957
{txt}{space 17}38  {c |}{col 22}{res}{space 2}-1238.746{col 34}{space 2} 396.9024{col 45}{space 1}   -3.12{col 54}{space 3}0.002{col 62}{space 4}-2017.557{col 75}{space 3}-459.9348
{txt}{space 17}39  {c |}{col 22}{res}{space 2}-1007.214{col 34}{space 2} 312.0238{col 45}{space 1}   -3.23{col 54}{space 3}0.001{col 62}{space 4}-1619.475{col 75}{space 3}-394.9539
{txt}{space 17}41  {c |}{col 22}{res}{space 2}-1027.581{col 34}{space 2} 314.0057{col 45}{space 1}   -3.27{col 54}{space 3}0.001{col 62}{space 4}-1643.731{col 75}{space 3}-411.4317
{txt}{space 17}42  {c |}{col 22}{res}{space 2}-1041.283{col 34}{space 2} 312.5936{col 45}{space 1}   -3.33{col 54}{space 3}0.001{col 62}{space 4}-1654.662{col 75}{space 3}-427.9048
{txt}{space 17}44  {c |}{col 22}{res}{space 2}-1132.998{col 34}{space 2} 325.1309{col 45}{space 1}   -3.48{col 54}{space 3}0.001{col 62}{space 4}-1770.978{col 75}{space 3}-495.0187
{txt}{space 17}46  {c |}{col 22}{res}{space 2}-1245.286{col 34}{space 2} 405.1004{col 45}{space 1}   -3.07{col 54}{space 3}0.002{col 62}{space 4}-2040.184{col 75}{space 3}-450.3886
{txt}{space 17}49  {c |}{col 22}{res}{space 2} -1289.01{col 34}{space 2} 353.3109{col 45}{space 1}   -3.65{col 54}{space 3}0.000{col 62}{space 4}-1982.285{col 75}{space 3}-595.7352
{txt}{space 17}50  {c |}{col 22}{res}{space 2}-1353.264{col 34}{space 2} 358.2383{col 45}{space 1}   -3.78{col 54}{space 3}0.000{col 62}{space 4}-2056.208{col 75}{space 3}-650.3207
{txt}{space 17}53  {c |}{col 22}{res}{space 2}-898.8883{col 34}{space 2} 303.9877{col 45}{space 1}   -2.96{col 54}{space 3}0.003{col 62}{space 4} -1495.38{col 75}{space 3}-302.3965
{txt}{space 17}55  {c |}{col 22}{res}{space 2}-1059.743{col 34}{space 2} 323.3396{col 45}{space 1}   -3.28{col 54}{space 3}0.001{col 62}{space 4}-1694.208{col 75}{space 3}-425.2787
{txt}{space 17}56  {c |}{col 22}{res}{space 2} -858.066{col 34}{space 2} 333.5856{col 45}{space 1}   -2.57{col 54}{space 3}0.010{col 62}{space 4}-1512.636{col 75}{space 3}-203.4964
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1948  {c |}{col 22}{res}{space 2} 374.0494{col 34}{space 2} 97.33858{col 45}{space 1}    3.84{col 54}{space 3}0.000{col 62}{space 4} 183.0493{col 75}{space 3} 565.0494
{txt}{space 15}1949  {c |}{col 22}{res}{space 2} 20.18278{col 34}{space 2} 164.1478{col 45}{space 1}    0.12{col 54}{space 3}0.902{col 62}{space 4} -301.912{col 75}{space 3} 342.2776
{txt}{space 15}1950  {c |}{col 22}{res}{space 2} 555.9838{col 34}{space 2}  158.149{col 45}{space 1}    3.52{col 54}{space 3}0.000{col 62}{space 4}   245.66{col 75}{space 3} 866.3075
{txt}{space 15}1951  {c |}{col 22}{res}{space 2} 348.8419{col 34}{space 2} 168.6232{col 45}{space 1}    2.07{col 54}{space 3}0.039{col 62}{space 4}  17.9655{col 75}{space 3} 679.7182
{txt}{space 15}1952  {c |}{col 22}{res}{space 2} 441.6654{col 34}{space 2} 124.8071{col 45}{space 1}    3.54{col 54}{space 3}0.000{col 62}{space 4}  196.766{col 75}{space 3} 686.5648
{txt}{space 15}1953  {c |}{col 22}{res}{space 2}  389.283{col 34}{space 2} 133.7381{col 45}{space 1}    2.91{col 54}{space 3}0.004{col 62}{space 4} 126.8589{col 75}{space 3}  651.707
{txt}{space 15}1954  {c |}{col 22}{res}{space 2} 159.8879{col 34}{space 2} 131.8187{col 45}{space 1}    1.21{col 54}{space 3}0.225{col 62}{space 4}-98.76997{col 75}{space 3} 418.5457
{txt}{space 15}1955  {c |}{col 22}{res}{space 2}  734.415{col 34}{space 2} 114.4081{col 45}{space 1}    6.42{col 54}{space 3}0.000{col 62}{space 4} 509.9208{col 75}{space 3} 958.9092
{txt}{space 15}1956  {c |}{col 22}{res}{space 2} 459.3079{col 34}{space 2} 165.2526{col 45}{space 1}    2.78{col 54}{space 3}0.006{col 62}{space 4} 135.0454{col 75}{space 3} 783.5705
{txt}{space 15}1957  {c |}{col 22}{res}{space 2} 438.3712{col 34}{space 2}   148.99{col 45}{space 1}    2.94{col 54}{space 3}0.003{col 62}{space 4} 146.0194{col 75}{space 3} 730.7229
{txt}{space 15}1958  {c |}{col 22}{res}{space 2} 411.2146{col 34}{space 2} 124.4181{col 45}{space 1}    3.31{col 54}{space 3}0.001{col 62}{space 4} 167.0784{col 75}{space 3} 655.3508
{txt}{space 15}1959  {c |}{col 22}{res}{space 2} 710.0621{col 34}{space 2} 115.3268{col 45}{space 1}    6.16{col 54}{space 3}0.000{col 62}{space 4} 483.7651{col 75}{space 3}  936.359
{txt}{space 15}1960  {c |}{col 22}{res}{space 2} 459.0735{col 34}{space 2} 171.0653{col 45}{space 1}    2.68{col 54}{space 3}0.007{col 62}{space 4} 123.4051{col 75}{space 3} 794.7418
{txt}{space 15}1961  {c |}{col 22}{res}{space 2} 598.7369{col 34}{space 2} 150.4228{col 45}{space 1}    3.98{col 54}{space 3}0.000{col 62}{space 4} 303.5736{col 75}{space 3} 893.9001
{txt}{space 15}1962  {c |}{col 22}{res}{space 2} 901.8881{col 34}{space 2} 152.0952{col 45}{space 1}    5.93{col 54}{space 3}0.000{col 62}{space 4} 603.4432{col 75}{space 3} 1200.333
{txt}{space 15}1963  {c |}{col 22}{res}{space 2} 614.7869{col 34}{space 2} 168.5041{col 45}{space 1}    3.65{col 54}{space 3}0.000{col 62}{space 4} 284.1442{col 75}{space 3} 945.4296
{txt}{space 15}1964  {c |}{col 22}{res}{space 2} 871.4899{col 34}{space 2} 155.5303{col 45}{space 1}    5.60{col 54}{space 3}0.000{col 62}{space 4} 566.3045{col 75}{space 3} 1176.675
{txt}{space 15}1965  {c |}{col 22}{res}{space 2} 1010.837{col 34}{space 2} 183.3441{col 45}{space 1}    5.51{col 54}{space 3}0.000{col 62}{space 4} 651.0747{col 75}{space 3} 1370.599
{txt}{space 15}1966  {c |}{col 22}{res}{space 2} 982.6746{col 34}{space 2} 191.1504{col 45}{space 1}    5.14{col 54}{space 3}0.000{col 62}{space 4} 607.5948{col 75}{space 3} 1357.754
{txt}{space 15}1967  {c |}{col 22}{res}{space 2} 1020.941{col 34}{space 2} 188.9378{col 45}{space 1}    5.40{col 54}{space 3}0.000{col 62}{space 4} 650.2023{col 75}{space 3} 1391.679
{txt}{space 15}1968  {c |}{col 22}{res}{space 2} 1170.436{col 34}{space 2} 192.0891{col 45}{space 1}    6.09{col 54}{space 3}0.000{col 62}{space 4} 793.5144{col 75}{space 3} 1547.358
{txt}{space 15}1969  {c |}{col 22}{res}{space 2} 1190.559{col 34}{space 2} 212.9925{col 45}{space 1}    5.59{col 54}{space 3}0.000{col 62}{space 4} 772.6202{col 75}{space 3} 1608.498
{txt}{space 15}1970  {c |}{col 22}{res}{space 2} 1048.957{col 34}{space 2} 219.2579{col 45}{space 1}    4.78{col 54}{space 3}0.000{col 62}{space 4} 618.7241{col 75}{space 3}  1479.19
{txt}{space 15}1971  {c |}{col 22}{res}{space 2} 1255.085{col 34}{space 2} 209.9745{col 45}{space 1}    5.98{col 54}{space 3}0.000{col 62}{space 4}  843.068{col 75}{space 3} 1667.102
{txt}{space 15}1972  {c |}{col 22}{res}{space 2} 1586.165{col 34}{space 2} 236.1895{col 45}{space 1}    6.72{col 54}{space 3}0.000{col 62}{space 4} 1122.708{col 75}{space 3} 2049.621
{txt}{space 15}1973  {c |}{col 22}{res}{space 2} 1691.094{col 34}{space 2} 299.8192{col 45}{space 1}    5.64{col 54}{space 3}0.000{col 62}{space 4} 1102.782{col 75}{space 3} 2279.406
{txt}{space 15}1974  {c |}{col 22}{res}{space 2} 1004.405{col 34}{space 2} 253.9802{col 45}{space 1}    3.95{col 54}{space 3}0.000{col 62}{space 4} 506.0391{col 75}{space 3} 1502.771
{txt}{space 15}1975  {c |}{col 22}{res}{space 2} 1318.254{col 34}{space 2} 197.4622{col 45}{space 1}    6.68{col 54}{space 3}0.000{col 62}{space 4} 930.7887{col 75}{space 3} 1705.719
{txt}{space 15}1976  {c |}{col 22}{res}{space 2} 1559.959{col 34}{space 2} 230.4954{col 45}{space 1}    6.77{col 54}{space 3}0.000{col 62}{space 4} 1107.676{col 75}{space 3} 2012.243
{txt}{space 15}1977  {c |}{col 22}{res}{space 2} 1386.033{col 34}{space 2} 303.5192{col 45}{space 1}    4.57{col 54}{space 3}0.000{col 62}{space 4} 790.4602{col 75}{space 3} 1981.605
{txt}{space 15}1978  {c |}{col 22}{res}{space 2} 1768.723{col 34}{space 2} 308.0352{col 45}{space 1}    5.74{col 54}{space 3}0.000{col 62}{space 4} 1164.289{col 75}{space 3} 2373.157
{txt}{space 15}1979  {c |}{col 22}{res}{space 2} 1268.194{col 34}{space 2} 297.3596{col 45}{space 1}    4.26{col 54}{space 3}0.000{col 62}{space 4} 684.7082{col 75}{space 3}  1851.68
{txt}{space 15}1980  {c |}{col 22}{res}{space 2} 1113.205{col 34}{space 2} 249.6202{col 45}{space 1}    4.46{col 54}{space 3}0.000{col 62}{space 4} 623.3944{col 75}{space 3} 1603.016
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 1479.491{col 34}{space 2} 782.4983{col 45}{space 1}    1.89{col 54}{space 3}0.059{col 62}{space 4}-55.94542{col 75}{space 3} 3014.928
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpre if year<=1980 & nonsouth==1
{txt}(option xb assumed; fitted values)
(2,191 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,  1051) ={res}   26.14
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,  1051) ={res}   14.83
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = l3.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq - L3D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 5)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  5,  1051) ={res}    0.88
{txt}{col 13}Prob > F ={res}    0.4962
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney + l3.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney + L3D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.870547{col 26}{space 2}  7.99483{col 37}{space 1}    0.61{col 46}{space 3}0.543{col 54}{space 4} -10.8171{col 67}{space 3} 20.55819
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney  + l3.d.klarnerranney   + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq + l3.d.klarnerranneysq

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq + L3D.klarnerranney + L3D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.841882{col 26}{space 2} 7.940421{col 37}{space 1}    0.61{col 46}{space 3}0.542{col 54}{space 4}  -10.739{col 67}{space 3} 20.42276
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-19.50749{col 26}{space 2}  15.5602{col 37}{space 1}   -1.25{col 46}{space 3}0.210{col 54}{space 4}-50.00492{col 67}{space 3} 10.98995
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-19.40113{col 26}{space 2} 15.44035{col 37}{space 1}   -1.26{col 46}{space 3}0.209{col 54}{space 4}-49.66366{col 67}{space 3} 10.86139
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. 
. 
.  
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. *** I.C: NON-SOUTHERN STATES (N = 35): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified   i.state_fips i.year if year >1980 & nonsouth==1
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     1,048{col 27}-7769.967{col 38}-7244.008{col 49}    90{col 58} 14668.02{col 69} 15113.93
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq  l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified   i.state_fips i.year if year >1980 & nonsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     1,048
{txt}maximum lag: {res}5{col 49}{txt}F( 89,       958){col 67}= {res}     30.74
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0886318{col 34}{space 2} .0155462{col 45}{space 1}   -5.70{col 54}{space 3}0.000{col 62}{space 4}-.1191403{col 75}{space 3}-.0581233
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 5.197134{col 34}{space 2} 3.644492{col 45}{space 1}    1.43{col 54}{space 3}0.154{col 62}{space 4}-1.954975{col 75}{space 3} 12.34924
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} -.025997{col 34}{space 2} .0237678{col 45}{space 1}   -1.09{col 54}{space 3}0.274{col 62}{space 4}-.0726398{col 75}{space 3} .0206459
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .3202089{col 34}{space 2} .0576403{col 45}{space 1}    5.56{col 54}{space 3}0.000{col 62}{space 4} .2070931{col 75}{space 3} .4333248
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-12.56845{col 34}{space 2} 6.372188{col 45}{space 1}   -1.97{col 54}{space 3}0.049{col 62}{space 4}-25.07351{col 75}{space 3}-.0633961
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} .0749868{col 34}{space 2} .0389024{col 45}{space 1}    1.93{col 54}{space 3}0.054{col 62}{space 4} -.001357{col 75}{space 3} .1513305
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .0828524{col 34}{space 2} .0586697{col 45}{space 1}    1.41{col 54}{space 3}0.158{col 62}{space 4}-.0322836{col 75}{space 3} .1979884
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-3.233892{col 34}{space 2} 4.939667{col 45}{space 1}   -0.65{col 54}{space 3}0.513{col 62}{space 4}-12.92771{col 75}{space 3} 6.459925
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .0236065{col 34}{space 2} .0333137{col 45}{space 1}    0.71{col 54}{space 3}0.479{col 62}{space 4}-.0417697{col 75}{space 3} .0889827
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0549895{col 34}{space 2} .0448218{col 45}{space 1}   -1.23{col 54}{space 3}0.220{col 62}{space 4}-.1429497{col 75}{space 3} .0329707
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .8879794{col 34}{space 2} 4.390316{col 45}{space 1}    0.20{col 54}{space 3}0.840{col 62}{space 4}-7.727768{col 75}{space 3} 9.503727
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} -.005905{col 34}{space 2} .0291635{col 45}{space 1}   -0.20{col 54}{space 3}0.840{col 62}{space 4}-.0631368{col 75}{space 3} .0513267
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-558.8441{col 34}{space 2} 623.9273{col 45}{space 1}   -0.90{col 54}{space 3}0.371{col 62}{space 4}-1783.266{col 75}{space 3}  665.578
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-697.9786{col 34}{space 2} 690.1305{col 45}{space 1}   -1.01{col 54}{space 3}0.312{col 62}{space 4}-2052.321{col 75}{space 3} 656.3635
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 194.1864{col 34}{space 2} 153.5226{col 45}{space 1}    1.26{col 54}{space 3}0.206{col 62}{space 4}-107.0931{col 75}{space 3} 495.4659
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-157.8414{col 34}{space 2} 153.2759{col 45}{space 1}   -1.03{col 54}{space 3}0.303{col 62}{space 4}-458.6367{col 75}{space 3} 142.9538
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-139.5267{col 34}{space 2} 397.1589{col 45}{space 1}   -0.35{col 54}{space 3}0.725{col 62}{space 4}-918.9285{col 75}{space 3}  639.875
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-904.7954{col 34}{space 2} 603.5279{col 45}{space 1}   -1.50{col 54}{space 3}0.134{col 62}{space 4}-2089.185{col 75}{space 3} 279.5938
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 9821.449{col 34}{space 2} 2336.467{col 45}{space 1}    4.20{col 54}{space 3}0.000{col 62}{space 4} 5236.264{col 75}{space 3} 14406.63
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 4979.945{col 34}{space 2} 1837.005{col 45}{space 1}    2.71{col 54}{space 3}0.007{col 62}{space 4} 1374.927{col 75}{space 3} 8584.962
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-38.03715{col 34}{space 2} 25.99889{col 45}{space 1}   -1.46{col 54}{space 3}0.144{col 62}{space 4} -89.0585{col 75}{space 3}  12.9842
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 5.024197{col 34}{space 2} 29.03417{col 45}{space 1}    0.17{col 54}{space 3}0.863{col 62}{space 4}-51.95371{col 75}{space 3}  62.0021
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 26.16211{col 34}{space 2} 29.48816{col 45}{space 1}    0.89{col 54}{space 3}0.375{col 62}{space 4}-31.70672{col 75}{space 3} 84.03095
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} -24.2839{col 34}{space 2} 29.33862{col 45}{space 1}   -0.83{col 54}{space 3}0.408{col 62}{space 4}-81.85927{col 75}{space 3} 33.29147
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-30.04931{col 34}{space 2} 29.60193{col 45}{space 1}   -1.02{col 54}{space 3}0.310{col 62}{space 4}-88.14143{col 75}{space 3} 28.04281
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 56.31901{col 34}{space 2} 33.36139{col 45}{space 1}    1.69{col 54}{space 3}0.092{col 62}{space 4}-9.150825{col 75}{space 3} 121.7889
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}4  {c |}{col 22}{res}{space 2}-408.7104{col 34}{space 2}  167.372{col 45}{space 1}   -2.44{col 54}{space 3}0.015{col 62}{space 4}-737.1685{col 75}{space 3}-80.25233
{txt}{space 18}6  {c |}{col 22}{res}{space 2} 37.64831{col 34}{space 2} 94.05226{col 45}{space 1}    0.40{col 54}{space 3}0.689{col 62}{space 4}-146.9239{col 75}{space 3} 222.2205
{txt}{space 18}8  {c |}{col 22}{res}{space 2} 31.07134{col 34}{space 2} 79.04655{col 45}{space 1}    0.39{col 54}{space 3}0.694{col 62}{space 4} -124.053{col 75}{space 3} 186.1957
{txt}{space 18}9  {c |}{col 22}{res}{space 2} 433.5577{col 34}{space 2} 105.7503{col 45}{space 1}    4.10{col 54}{space 3}0.000{col 62}{space 4} 226.0287{col 75}{space 3} 641.0867
{txt}{space 17}10  {c |}{col 22}{res}{space 2}-1.063207{col 34}{space 2} 71.25572{col 45}{space 1}   -0.01{col 54}{space 3}0.988{col 62}{space 4}-140.8985{col 75}{space 3} 138.7721
{txt}{space 17}15  {c |}{col 22}{res}{space 2} 97.02702{col 34}{space 2} 98.96847{col 45}{space 1}    0.98{col 54}{space 3}0.327{col 62}{space 4}-97.19299{col 75}{space 3}  291.247
{txt}{space 17}16  {c |}{col 22}{res}{space 2}-127.0616{col 34}{space 2} 180.4902{col 45}{space 1}   -0.70{col 54}{space 3}0.482{col 62}{space 4}-481.2634{col 75}{space 3} 227.1402
{txt}{space 17}17  {c |}{col 22}{res}{space 2} 2.174037{col 34}{space 2} 82.76717{col 45}{space 1}    0.03{col 54}{space 3}0.979{col 62}{space 4}-160.2518{col 75}{space 3} 164.5999
{txt}{space 17}18  {c |}{col 22}{res}{space 2}-235.7299{col 34}{space 2} 85.49241{col 45}{space 1}   -2.76{col 54}{space 3}0.006{col 62}{space 4}-403.5039{col 75}{space 3}-67.95593
{txt}{space 17}19  {c |}{col 22}{res}{space 2}-83.15022{col 34}{space 2} 187.8078{col 45}{space 1}   -0.44{col 54}{space 3}0.658{col 62}{space 4}-451.7123{col 75}{space 3} 285.4119
{txt}{space 17}20  {c |}{col 22}{res}{space 2}-179.8931{col 34}{space 2} 169.2286{col 45}{space 1}   -1.06{col 54}{space 3}0.288{col 62}{space 4}-511.9945{col 75}{space 3} 152.2084
{txt}{space 17}23  {c |}{col 22}{res}{space 2}-238.9195{col 34}{space 2}  101.996{col 45}{space 1}   -2.34{col 54}{space 3}0.019{col 62}{space 4}-439.0808{col 75}{space 3}-38.75816
{txt}{space 17}24  {c |}{col 22}{res}{space 2} 256.0069{col 34}{space 2} 89.51842{col 45}{space 1}    2.86{col 54}{space 3}0.004{col 62}{space 4} 80.33206{col 75}{space 3} 431.6817
{txt}{space 17}25  {c |}{col 22}{res}{space 2} 338.4221{col 34}{space 2} 117.0433{col 45}{space 1}    2.89{col 54}{space 3}0.004{col 62}{space 4} 108.7312{col 75}{space 3}  568.113
{txt}{space 17}26  {c |}{col 22}{res}{space 2}-226.1014{col 34}{space 2} 96.71556{col 45}{space 1}   -2.34{col 54}{space 3}0.020{col 62}{space 4}-415.9002{col 75}{space 3}-36.30261
{txt}{space 17}27  {c |}{col 22}{res}{space 2} 72.00502{col 34}{space 2} 82.22757{col 45}{space 1}    0.88{col 54}{space 3}0.381{col 62}{space 4}-89.36192{col 75}{space 3}  233.372
{txt}{space 17}29  {c |}{col 22}{res}{space 2}-180.8521{col 34}{space 2} 83.20656{col 45}{space 1}   -2.17{col 54}{space 3}0.030{col 62}{space 4}-344.1403{col 75}{space 3}-17.56394
{txt}{space 17}30  {c |}{col 22}{res}{space 2}-191.1102{col 34}{space 2} 104.8926{col 45}{space 1}   -1.82{col 54}{space 3}0.069{col 62}{space 4}-396.9559{col 75}{space 3} 14.73558
{txt}{space 17}32  {c |}{col 22}{res}{space 2}-325.9772{col 34}{space 2} 171.9873{col 45}{space 1}   -1.90{col 54}{space 3}0.058{col 62}{space 4}-663.4926{col 75}{space 3} 11.53817
{txt}{space 17}33  {c |}{col 22}{res}{space 2}  55.3686{col 34}{space 2} 84.61388{col 45}{space 1}    0.65{col 54}{space 3}0.513{col 62}{space 4}-110.6814{col 75}{space 3} 221.4185
{txt}{space 17}34  {c |}{col 22}{res}{space 2} 278.6067{col 34}{space 2} 86.62209{col 45}{space 1}    3.22{col 54}{space 3}0.001{col 62}{space 4} 108.6157{col 75}{space 3} 448.5976
{txt}{space 17}35  {c |}{col 22}{res}{space 2}-321.3489{col 34}{space 2} 98.39632{col 45}{space 1}   -3.27{col 54}{space 3}0.001{col 62}{space 4}-514.4461{col 75}{space 3}-128.2516
{txt}{space 17}36  {c |}{col 22}{res}{space 2} 174.6876{col 34}{space 2} 98.86313{col 45}{space 1}    1.77{col 54}{space 3}0.078{col 62}{space 4}-19.32564{col 75}{space 3} 368.7009
{txt}{space 17}38  {c |}{col 22}{res}{space 2}  306.589{col 34}{space 2} 125.1726{col 45}{space 1}    2.45{col 54}{space 3}0.014{col 62}{space 4} 60.94492{col 75}{space 3} 552.2331
{txt}{space 17}39  {c |}{col 22}{res}{space 2}-204.0216{col 34}{space 2} 82.59336{col 45}{space 1}   -2.47{col 54}{space 3}0.014{col 62}{space 4}-366.1064{col 75}{space 3}-41.93678
{txt}{space 17}41  {c |}{col 22}{res}{space 2}-160.1542{col 34}{space 2}  79.8379{col 45}{space 1}   -2.01{col 54}{space 3}0.045{col 62}{space 4}-316.8316{col 75}{space 3}-3.476868
{txt}{space 17}42  {c |}{col 22}{res}{space 2} -101.939{col 34}{space 2} 86.12208{col 45}{space 1}   -1.18{col 54}{space 3}0.237{col 62}{space 4}-270.9487{col 75}{space 3} 67.07074
{txt}{space 17}44  {c |}{col 22}{res}{space 2} 10.96343{col 34}{space 2} 107.8153{col 45}{space 1}    0.10{col 54}{space 3}0.919{col 62}{space 4} -200.618{col 75}{space 3} 222.5449
{txt}{space 17}46  {c |}{col 22}{res}{space 2} 242.1846{col 34}{space 2} 239.4244{col 45}{space 1}    1.01{col 54}{space 3}0.312{col 62}{space 4}-227.6723{col 75}{space 3} 712.0415
{txt}{space 17}49  {c |}{col 22}{res}{space 2}-527.6892{col 34}{space 2} 165.5391{col 45}{space 1}   -3.19{col 54}{space 3}0.001{col 62}{space 4}-852.5503{col 75}{space 3}-202.8281
{txt}{space 17}50  {c |}{col 22}{res}{space 2}-100.9306{col 34}{space 2} 86.76751{col 45}{space 1}   -1.16{col 54}{space 3}0.245{col 62}{space 4}-271.2069{col 75}{space 3} 69.34575
{txt}{space 17}53  {c |}{col 22}{res}{space 2} 41.24701{col 34}{space 2} 72.11166{col 45}{space 1}    0.57{col 54}{space 3}0.567{col 62}{space 4} -100.268{col 75}{space 3} 182.7621
{txt}{space 17}55  {c |}{col 22}{res}{space 2} -124.576{col 34}{space 2} 81.25433{col 45}{space 1}   -1.53{col 54}{space 3}0.126{col 62}{space 4} -284.033{col 75}{space 3} 34.88099
{txt}{space 17}56  {c |}{col 22}{res}{space 2}-164.2026{col 34}{space 2} 208.9861{col 45}{space 1}   -0.79{col 54}{space 3}0.432{col 62}{space 4}-574.3259{col 75}{space 3} 245.9207
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1982  {c |}{col 22}{res}{space 2}-96.15842{col 34}{space 2} 60.14897{col 45}{space 1}   -1.60{col 54}{space 3}0.110{col 62}{space 4}-214.1974{col 75}{space 3} 21.88054
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} 11.87551{col 34}{space 2} 80.78176{col 45}{space 1}    0.15{col 54}{space 3}0.883{col 62}{space 4}-146.6541{col 75}{space 3} 170.4051
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 309.9328{col 34}{space 2} 53.70064{col 45}{space 1}    5.77{col 54}{space 3}0.000{col 62}{space 4} 204.5483{col 75}{space 3} 415.3172
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 9.972609{col 34}{space 2} 61.50422{col 45}{space 1}    0.16{col 54}{space 3}0.871{col 62}{space 4}-110.7259{col 75}{space 3} 130.6711
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 183.0751{col 34}{space 2} 63.41266{col 45}{space 1}    2.89{col 54}{space 3}0.004{col 62}{space 4} 58.63132{col 75}{space 3} 307.5188
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 78.88327{col 34}{space 2} 65.14654{col 45}{space 1}    1.21{col 54}{space 3}0.226{col 62}{space 4}-48.96312{col 75}{space 3} 206.7297
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 221.9586{col 34}{space 2} 73.20203{col 45}{space 1}    3.03{col 54}{space 3}0.002{col 62}{space 4} 78.30379{col 75}{space 3} 365.6135
{txt}{space 15}1989  {c |}{col 22}{res}{space 2}  222.977{col 34}{space 2} 66.59149{col 45}{space 1}    3.35{col 54}{space 3}0.001{col 62}{space 4} 92.29497{col 75}{space 3}  353.659
{txt}{space 15}1990  {c |}{col 22}{res}{space 2}-105.3514{col 34}{space 2} 74.84631{col 45}{space 1}   -1.41{col 54}{space 3}0.160{col 62}{space 4} -252.233{col 75}{space 3} 41.53028
{txt}{space 15}1991  {c |}{col 22}{res}{space 2}-131.3982{col 34}{space 2}   66.567{col 45}{space 1}   -1.97{col 54}{space 3}0.049{col 62}{space 4}-262.0322{col 75}{space 3}-.7642795
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 377.9789{col 34}{space 2} 59.83176{col 45}{space 1}    6.32{col 54}{space 3}0.000{col 62}{space 4} 260.5625{col 75}{space 3} 495.3953
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 12.66682{col 34}{space 2}  72.6227{col 45}{space 1}    0.17{col 54}{space 3}0.862{col 62}{space 4}-129.8511{col 75}{space 3} 155.1848
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 258.0567{col 34}{space 2} 71.20881{col 45}{space 1}    3.62{col 54}{space 3}0.000{col 62}{space 4} 118.3134{col 75}{space 3}    397.8
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 157.6996{col 34}{space 2} 69.68962{col 45}{space 1}    2.26{col 54}{space 3}0.024{col 62}{space 4} 20.93767{col 75}{space 3} 294.4615
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 260.5716{col 34}{space 2} 76.21083{col 45}{space 1}    3.42{col 54}{space 3}0.001{col 62}{space 4} 111.0121{col 75}{space 3}  410.131
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 359.4883{col 34}{space 2} 73.99733{col 45}{space 1}    4.86{col 54}{space 3}0.000{col 62}{space 4} 214.2728{col 75}{space 3} 504.7039
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 707.5285{col 34}{space 2} 83.90988{col 45}{space 1}    8.43{col 54}{space 3}0.000{col 62}{space 4} 542.8601{col 75}{space 3} 872.1969
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 198.6819{col 34}{space 2} 93.92559{col 45}{space 1}    2.12{col 54}{space 3}0.035{col 62}{space 4} 14.35825{col 75}{space 3} 383.0056
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 650.2448{col 34}{space 2} 99.90872{col 45}{space 1}    6.51{col 54}{space 3}0.000{col 62}{space 4} 454.1796{col 75}{space 3}   846.31
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 176.8259{col 34}{space 2} 109.5856{col 45}{space 1}    1.61{col 54}{space 3}0.107{col 62}{space 4}-38.22961{col 75}{space 3} 391.8814
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 153.6174{col 34}{space 2} 100.7891{col 45}{space 1}    1.52{col 54}{space 3}0.128{col 62}{space 4}-44.17551{col 75}{space 3} 351.4102
{txt}{space 15}2003  {c |}{col 22}{res}{space 2} 358.1064{col 34}{space 2} 93.60908{col 45}{space 1}    3.83{col 54}{space 3}0.000{col 62}{space 4} 174.4038{col 75}{space 3} 541.8089
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 664.2613{col 34}{space 2} 106.3173{col 45}{space 1}    6.25{col 54}{space 3}0.000{col 62}{space 4} 455.6197{col 75}{space 3} 872.9029
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 310.7221{col 34}{space 2} 116.5783{col 45}{space 1}    2.67{col 54}{space 3}0.008{col 62}{space 4} 81.94375{col 75}{space 3} 539.5005
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 798.7323{col 34}{space 2} 126.4321{col 45}{space 1}    6.32{col 54}{space 3}0.000{col 62}{space 4} 550.6166{col 75}{space 3} 1046.848
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 535.3021{col 34}{space 2} 126.8308{col 45}{space 1}    4.22{col 54}{space 3}0.000{col 62}{space 4} 286.4038{col 75}{space 3} 784.2004
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 337.3381{col 34}{space 2} 139.4238{col 45}{space 1}    2.42{col 54}{space 3}0.016{col 62}{space 4} 63.72677{col 75}{space 3} 610.9493
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} -432.365{col 34}{space 2} 124.5912{col 45}{space 1}   -3.47{col 54}{space 3}0.001{col 62}{space 4}-676.8682{col 75}{space 3}-187.8618
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 785.1334{col 34}{space 2} 112.9165{col 45}{space 1}    6.95{col 54}{space 3}0.000{col 62}{space 4} 563.5412{col 75}{space 3} 1006.726
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2}-8565.856{col 34}{space 2} 2373.044{col 45}{space 1}   -3.61{col 54}{space 3}0.000{col 62}{space 4}-13222.82{col 75}{space 3}-3908.891
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & nonsouth==1
{txt}(option xb assumed; fitted values)
(2,291 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   958) ={res}   32.50
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   958) ={res}   17.54
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  4,   958) ={res}    2.03
{txt}{col 13}Prob > F ={res}    0.0878
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-14.91437{col 26}{space 2} 10.84954{col 37}{space 1}   -1.37{col 46}{space 3}0.170{col 54}{space 4}-36.20596{col 67}{space 3} 6.377233
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney    + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-14.82168{col 26}{space 2} 10.78087{col 37}{space 1}   -1.37{col 46}{space 3}0.170{col 54}{space 4}-35.97852{col 67}{space 3} 6.335163
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 58.63735{col 26}{space 2} 42.69438{col 37}{space 1}    1.37{col 46}{space 3}0.170{col 54}{space 4}-25.04209{col 67}{space 3} 142.3168
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 58.34403{col 26}{space 2} 42.42837{col 37}{space 1}    1.38{col 46}{space 3}0.169{col 54}{space 4}-24.81404{col 67}{space 3} 141.5021
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. 
. restore
{txt}
{com}. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. preserve
{txt}
{com}. 
. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. *** II.A: SOUTHERN STATES (N = 14): FULL TIME PERIOD (1942 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq  l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq  l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party i.state_fips i.year if nonsouth==0
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       910{col 27}-6398.472{col 38}-5826.838{col 49}   100{col 58} 11853.68{col 69} 12335.02
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq  l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party i.state_fips i.year if nonsouth==0, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       910
{txt}maximum lag: {res}8{col 49}{txt}F( 99,       810){col 67}= {res}     58.75
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0682299{col 34}{space 2} .0191633{col 45}{space 1}   -3.56{col 54}{space 3}0.000{col 62}{space 4}-.1058454{col 75}{space 3}-.0306144
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 2.514292{col 34}{space 2} 1.074991{col 45}{space 1}    2.34{col 54}{space 3}0.020{col 62}{space 4} .4041951{col 75}{space 3} 4.624389
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0092004{col 34}{space 2} .0099955{col 45}{space 1}   -0.92{col 54}{space 3}0.358{col 62}{space 4}-.0288205{col 75}{space 3} .0104197
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .2275996{col 34}{space 2} .0965272{col 45}{space 1}    2.36{col 54}{space 3}0.019{col 62}{space 4} .0381265{col 75}{space 3} .4170726
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} 1.357629{col 34}{space 2} 2.187409{col 45}{space 1}    0.62{col 54}{space 3}0.535{col 62}{space 4} -2.93603{col 75}{space 3} 5.651288
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-.0148904{col 34}{space 2} .0222826{col 45}{space 1}   -0.67{col 54}{space 3}0.504{col 62}{space 4}-.0586288{col 75}{space 3}  .028848
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .1021353{col 34}{space 2} .0792216{col 45}{space 1}    1.29{col 54}{space 3}0.198{col 62}{space 4}-.0533685{col 75}{space 3} .2576392
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} 1.175805{col 34}{space 2}  2.05365{col 45}{space 1}    0.57{col 54}{space 3}0.567{col 62}{space 4}-2.855298{col 75}{space 3} 5.206908
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-.0255229{col 34}{space 2} .0197908{col 45}{space 1}   -1.29{col 54}{space 3}0.198{col 62}{space 4}-.0643703{col 75}{space 3} .0133244
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0503077{col 34}{space 2} .0499231{col 45}{space 1}   -1.01{col 54}{space 3}0.314{col 62}{space 4}-.1483016{col 75}{space 3} .0476863
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-1.001311{col 34}{space 2} 2.188237{col 45}{space 1}   -0.46{col 54}{space 3}0.647{col 62}{space 4}-5.296595{col 75}{space 3} 3.293972
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .0015856{col 34}{space 2} .0204148{col 45}{space 1}    0.08{col 54}{space 3}0.938{col 62}{space 4}-.0384865{col 75}{space 3} .0416578
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-213.9408{col 34}{space 2} 182.5285{col 45}{space 1}   -1.17{col 54}{space 3}0.242{col 62}{space 4}-572.2254{col 75}{space 3} 144.3439
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 37.33507{col 34}{space 2} 242.7819{col 45}{space 1}    0.15{col 54}{space 3}0.878{col 62}{space 4}-439.2207{col 75}{space 3} 513.8908
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-8.776309{col 34}{space 2} 26.67316{col 45}{space 1}   -0.33{col 54}{space 3}0.742{col 62}{space 4}-61.13297{col 75}{space 3} 43.58035
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-4.475315{col 34}{space 2} 44.82377{col 45}{space 1}   -0.10{col 54}{space 3}0.920{col 62}{space 4}-92.45977{col 75}{space 3} 83.50913
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 102.8749{col 34}{space 2} 186.7137{col 45}{space 1}    0.55{col 54}{space 3}0.582{col 62}{space 4}-263.6249{col 75}{space 3} 469.3747
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-983.6704{col 34}{space 2}  484.708{col 45}{space 1}   -2.03{col 54}{space 3}0.043{col 62}{space 4}-1935.102{col 75}{space 3}-32.23854
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-192.4964{col 34}{space 2} 247.3486{col 45}{space 1}   -0.78{col 54}{space 3}0.437{col 62}{space 4}-678.0163{col 75}{space 3} 293.0235
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 3077.591{col 34}{space 2} 799.0345{col 45}{space 1}    3.85{col 54}{space 3}0.000{col 62}{space 4} 1509.169{col 75}{space 3} 4646.014
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 22.39257{col 34}{space 2}  17.9596{col 45}{space 1}    1.25{col 54}{space 3}0.213{col 62}{space 4}-12.86028{col 75}{space 3} 57.64542
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 12.74015{col 34}{space 2} 19.67044{col 45}{space 1}    0.65{col 54}{space 3}0.517{col 62}{space 4} -25.8709{col 75}{space 3} 51.35119
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}5  {c |}{col 22}{res}{space 2}-40.28209{col 34}{space 2} 23.52971{col 45}{space 1}   -1.71{col 54}{space 3}0.087{col 62}{space 4}-86.46848{col 75}{space 3} 5.904307
{txt}{space 17}12  {c |}{col 22}{res}{space 2} 117.4311{col 34}{space 2} 41.17437{col 45}{space 1}    2.85{col 54}{space 3}0.004{col 62}{space 4} 36.61009{col 75}{space 3} 198.2522
{txt}{space 17}13  {c |}{col 22}{res}{space 2} 55.45427{col 34}{space 2} 30.61719{col 45}{space 1}    1.81{col 54}{space 3}0.070{col 62}{space 4}-4.644114{col 75}{space 3} 115.5527
{txt}{space 17}21  {c |}{col 22}{res}{space 2}-74.88351{col 34}{space 2}  42.5384{col 45}{space 1}   -1.76{col 54}{space 3}0.079{col 62}{space 4} -158.382{col 75}{space 3} 8.614988
{txt}{space 17}22  {c |}{col 22}{res}{space 2} 38.41501{col 34}{space 2} 36.72691{col 45}{space 1}    1.05{col 54}{space 3}0.296{col 62}{space 4}-33.67614{col 75}{space 3} 110.5062
{txt}{space 17}28  {c |}{col 22}{res}{space 2}-92.46437{col 34}{space 2} 31.78552{col 45}{space 1}   -2.91{col 54}{space 3}0.004{col 62}{space 4}-154.8561{col 75}{space 3}-30.07265
{txt}{space 17}37  {c |}{col 22}{res}{space 2} 22.38532{col 34}{space 2} 27.55401{col 45}{space 1}    0.81{col 54}{space 3}0.417{col 62}{space 4}-31.70037{col 75}{space 3} 76.47101
{txt}{space 17}40  {c |}{col 22}{res}{space 2}-6.348938{col 34}{space 2} 40.55562{col 45}{space 1}   -0.16{col 54}{space 3}0.876{col 62}{space 4}-85.95545{col 75}{space 3} 73.25758
{txt}{space 17}45  {c |}{col 22}{res}{space 2}-18.13908{col 34}{space 2} 20.21736{col 45}{space 1}   -0.90{col 54}{space 3}0.370{col 62}{space 4}-57.82368{col 75}{space 3} 21.54552
{txt}{space 17}47  {c |}{col 22}{res}{space 2}-23.02939{col 34}{space 2} 28.73744{col 45}{space 1}   -0.80{col 54}{space 3}0.423{col 62}{space 4}-79.43803{col 75}{space 3} 33.37924
{txt}{space 17}48  {c |}{col 22}{res}{space 2}  99.6507{col 34}{space 2} 35.51996{col 45}{space 1}    2.81{col 54}{space 3}0.005{col 62}{space 4} 29.92869{col 75}{space 3} 169.3727
{txt}{space 17}51  {c |}{col 22}{res}{space 2} 201.1467{col 34}{space 2} 49.25054{col 45}{space 1}    4.08{col 54}{space 3}0.000{col 62}{space 4}  104.473{col 75}{space 3} 297.8205
{txt}{space 17}54  {c |}{col 22}{res}{space 2}-77.74221{col 34}{space 2} 40.80341{col 45}{space 1}   -1.91{col 54}{space 3}0.057{col 62}{space 4}-157.8351{col 75}{space 3} 2.350682
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1947  {c |}{col 22}{res}{space 2} 207.6256{col 34}{space 2} 93.91491{col 45}{space 1}    2.21{col 54}{space 3}0.027{col 62}{space 4} 23.28028{col 75}{space 3} 391.9709
{txt}{space 15}1948  {c |}{col 22}{res}{space 2} 681.8556{col 34}{space 2} 85.35655{col 45}{space 1}    7.99{col 54}{space 3}0.000{col 62}{space 4} 514.3095{col 75}{space 3} 849.4017
{txt}{space 15}1949  {c |}{col 22}{res}{space 2} 391.0011{col 34}{space 2} 104.3478{col 45}{space 1}    3.75{col 54}{space 3}0.000{col 62}{space 4} 186.1771{col 75}{space 3} 595.8251
{txt}{space 15}1950  {c |}{col 22}{res}{space 2} 572.0806{col 34}{space 2} 79.73025{col 45}{space 1}    7.18{col 54}{space 3}0.000{col 62}{space 4} 415.5783{col 75}{space 3} 728.5828
{txt}{space 15}1951  {c |}{col 22}{res}{space 2}  568.405{col 34}{space 2} 76.41433{col 45}{space 1}    7.44{col 54}{space 3}0.000{col 62}{space 4} 418.4115{col 75}{space 3} 718.3984
{txt}{space 15}1952  {c |}{col 22}{res}{space 2} 600.7162{col 34}{space 2} 65.14913{col 45}{space 1}    9.22{col 54}{space 3}0.000{col 62}{space 4} 472.8352{col 75}{space 3} 728.5973
{txt}{space 15}1953  {c |}{col 22}{res}{space 2} 553.6052{col 34}{space 2} 69.58727{col 45}{space 1}    7.96{col 54}{space 3}0.000{col 62}{space 4} 417.0125{col 75}{space 3} 690.1978
{txt}{space 15}1954  {c |}{col 22}{res}{space 2}  381.215{col 34}{space 2} 65.30685{col 45}{space 1}    5.84{col 54}{space 3}0.000{col 62}{space 4} 253.0244{col 75}{space 3} 509.4056
{txt}{space 15}1955  {c |}{col 22}{res}{space 2} 801.0095{col 34}{space 2}  66.5099{col 45}{space 1}   12.04{col 54}{space 3}0.000{col 62}{space 4} 670.4574{col 75}{space 3} 931.5616
{txt}{space 15}1956  {c |}{col 22}{res}{space 2} 697.0478{col 34}{space 2}  80.8953{col 45}{space 1}    8.62{col 54}{space 3}0.000{col 62}{space 4} 538.2587{col 75}{space 3}  855.837
{txt}{space 15}1957  {c |}{col 22}{res}{space 2} 407.7327{col 34}{space 2} 75.91528{col 45}{space 1}    5.37{col 54}{space 3}0.000{col 62}{space 4} 258.7188{col 75}{space 3} 556.7465
{txt}{space 15}1958  {c |}{col 22}{res}{space 2} 550.8803{col 34}{space 2} 73.47032{col 45}{space 1}    7.50{col 54}{space 3}0.000{col 62}{space 4} 406.6657{col 75}{space 3}  695.095
{txt}{space 15}1959  {c |}{col 22}{res}{space 2} 788.6771{col 34}{space 2} 72.73815{col 45}{space 1}   10.84{col 54}{space 3}0.000{col 62}{space 4} 645.8996{col 75}{space 3} 931.4546
{txt}{space 15}1960  {c |}{col 22}{res}{space 2} 516.3616{col 34}{space 2} 80.08079{col 45}{space 1}    6.45{col 54}{space 3}0.000{col 62}{space 4} 359.1713{col 75}{space 3}  673.552
{txt}{space 15}1961  {c |}{col 22}{res}{space 2}  686.586{col 34}{space 2} 77.87573{col 45}{space 1}    8.82{col 54}{space 3}0.000{col 62}{space 4} 533.7239{col 75}{space 3}  839.448
{txt}{space 15}1962  {c |}{col 22}{res}{space 2} 755.6384{col 34}{space 2} 78.05737{col 45}{space 1}    9.68{col 54}{space 3}0.000{col 62}{space 4} 602.4198{col 75}{space 3}  908.857
{txt}{space 15}1963  {c |}{col 22}{res}{space 2} 735.6279{col 34}{space 2} 82.04241{col 45}{space 1}    8.97{col 54}{space 3}0.000{col 62}{space 4} 574.5871{col 75}{space 3} 896.6687
{txt}{space 15}1964  {c |}{col 22}{res}{space 2} 859.3635{col 34}{space 2} 79.29751{col 45}{space 1}   10.84{col 54}{space 3}0.000{col 62}{space 4} 703.7107{col 75}{space 3} 1015.016
{txt}{space 15}1965  {c |}{col 22}{res}{space 2} 894.6225{col 34}{space 2} 84.91128{col 45}{space 1}   10.54{col 54}{space 3}0.000{col 62}{space 4} 727.9504{col 75}{space 3} 1061.295
{txt}{space 15}1966  {c |}{col 22}{res}{space 2}   903.91{col 34}{space 2}  88.8485{col 45}{space 1}   10.17{col 54}{space 3}0.000{col 62}{space 4} 729.5096{col 75}{space 3}  1078.31
{txt}{space 15}1967  {c |}{col 22}{res}{space 2} 885.0758{col 34}{space 2} 89.07155{col 45}{space 1}    9.94{col 54}{space 3}0.000{col 62}{space 4} 710.2375{col 75}{space 3} 1059.914
{txt}{space 15}1968  {c |}{col 22}{res}{space 2} 950.5387{col 34}{space 2} 92.18151{col 45}{space 1}   10.31{col 54}{space 3}0.000{col 62}{space 4} 769.5959{col 75}{space 3} 1131.482
{txt}{space 15}1969  {c |}{col 22}{res}{space 2} 922.8912{col 34}{space 2} 102.8257{col 45}{space 1}    8.98{col 54}{space 3}0.000{col 62}{space 4}  721.055{col 75}{space 3} 1124.727
{txt}{space 15}1970  {c |}{col 22}{res}{space 2} 814.5957{col 34}{space 2} 101.2575{col 45}{space 1}    8.04{col 54}{space 3}0.000{col 62}{space 4} 615.8377{col 75}{space 3} 1013.354
{txt}{space 15}1971  {c |}{col 22}{res}{space 2} 937.8091{col 34}{space 2} 97.46238{col 45}{space 1}    9.62{col 54}{space 3}0.000{col 62}{space 4} 746.5004{col 75}{space 3} 1129.118
{txt}{space 15}1972  {c |}{col 22}{res}{space 2} 1228.396{col 34}{space 2}  110.723{col 45}{space 1}   11.09{col 54}{space 3}0.000{col 62}{space 4} 1011.058{col 75}{space 3} 1445.734
{txt}{space 15}1973  {c |}{col 22}{res}{space 2} 1134.027{col 34}{space 2}  125.794{col 45}{space 1}    9.01{col 54}{space 3}0.000{col 62}{space 4} 887.1062{col 75}{space 3} 1380.947
{txt}{space 15}1974  {c |}{col 22}{res}{space 2} 594.4292{col 34}{space 2} 121.4934{col 45}{space 1}    4.89{col 54}{space 3}0.000{col 62}{space 4} 355.9503{col 75}{space 3} 832.9082
{txt}{space 15}1975  {c |}{col 22}{res}{space 2} 675.2162{col 34}{space 2} 115.7451{col 45}{space 1}    5.83{col 54}{space 3}0.000{col 62}{space 4} 448.0205{col 75}{space 3}  902.412
{txt}{space 15}1976  {c |}{col 22}{res}{space 2} 1243.045{col 34}{space 2} 126.6052{col 45}{space 1}    9.82{col 54}{space 3}0.000{col 62}{space 4} 994.5323{col 75}{space 3} 1491.558
{txt}{space 15}1977  {c |}{col 22}{res}{space 2} 1017.806{col 34}{space 2} 151.4477{col 45}{space 1}    6.72{col 54}{space 3}0.000{col 62}{space 4} 720.5297{col 75}{space 3} 1315.082
{txt}{space 15}1978  {c |}{col 22}{res}{space 2}  1146.19{col 34}{space 2} 137.8146{col 45}{space 1}    8.32{col 54}{space 3}0.000{col 62}{space 4} 875.6737{col 75}{space 3} 1416.705
{txt}{space 15}1979  {c |}{col 22}{res}{space 2} 778.4172{col 34}{space 2} 144.7827{col 45}{space 1}    5.38{col 54}{space 3}0.000{col 62}{space 4} 494.2236{col 75}{space 3} 1062.611
{txt}{space 15}1980  {c |}{col 22}{res}{space 2} 571.3492{col 34}{space 2} 144.8816{col 45}{space 1}    3.94{col 54}{space 3}0.000{col 62}{space 4} 286.9616{col 75}{space 3} 855.7368
{txt}{space 15}1981  {c |}{col 22}{res}{space 2} 1073.715{col 34}{space 2} 145.9449{col 45}{space 1}    7.36{col 54}{space 3}0.000{col 62}{space 4} 787.2406{col 75}{space 3}  1360.19
{txt}{space 15}1982  {c |}{col 22}{res}{space 2} 881.5017{col 34}{space 2} 158.4176{col 45}{space 1}    5.56{col 54}{space 3}0.000{col 62}{space 4} 570.5443{col 75}{space 3} 1192.459
{txt}{space 15}1983  {c |}{col 22}{res}{space 2}  1025.52{col 34}{space 2} 160.3262{col 45}{space 1}    6.40{col 54}{space 3}0.000{col 62}{space 4} 710.8161{col 75}{space 3} 1340.224
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 1361.077{col 34}{space 2} 150.6866{col 45}{space 1}    9.03{col 54}{space 3}0.000{col 62}{space 4} 1065.295{col 75}{space 3}  1656.86
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 1025.226{col 34}{space 2} 161.0238{col 45}{space 1}    6.37{col 54}{space 3}0.000{col 62}{space 4} 709.1525{col 75}{space 3} 1341.299
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 1035.813{col 34}{space 2} 151.3837{col 45}{space 1}    6.84{col 54}{space 3}0.000{col 62}{space 4} 738.6623{col 75}{space 3} 1332.964
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 990.9863{col 34}{space 2} 154.8493{col 45}{space 1}    6.40{col 54}{space 3}0.000{col 62}{space 4} 687.0331{col 75}{space 3} 1294.939
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 1249.852{col 34}{space 2} 155.5507{col 45}{space 1}    8.04{col 54}{space 3}0.000{col 62}{space 4} 944.5217{col 75}{space 3} 1555.182
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 1155.932{col 34}{space 2} 172.4311{col 45}{space 1}    6.70{col 54}{space 3}0.000{col 62}{space 4} 817.4678{col 75}{space 3} 1494.397
{txt}{space 15}1990  {c |}{col 22}{res}{space 2} 900.8561{col 34}{space 2} 172.4565{col 45}{space 1}    5.22{col 54}{space 3}0.000{col 62}{space 4} 562.3416{col 75}{space 3}  1239.37
{txt}{space 15}1991  {c |}{col 22}{res}{space 2} 885.6778{col 34}{space 2} 165.8993{col 45}{space 1}    5.34{col 54}{space 3}0.000{col 62}{space 4} 560.0345{col 75}{space 3} 1211.321
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 1326.982{col 34}{space 2} 167.6333{col 45}{space 1}    7.92{col 54}{space 3}0.000{col 62}{space 4} 997.9351{col 75}{space 3} 1656.029
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 1018.435{col 34}{space 2} 186.4488{col 45}{space 1}    5.46{col 54}{space 3}0.000{col 62}{space 4} 652.4555{col 75}{space 3} 1384.415
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 1186.335{col 34}{space 2} 172.3233{col 45}{space 1}    6.88{col 54}{space 3}0.000{col 62}{space 4} 848.0822{col 75}{space 3} 1524.588
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 1128.993{col 34}{space 2} 175.1864{col 45}{space 1}    6.44{col 54}{space 3}0.000{col 62}{space 4} 785.1204{col 75}{space 3} 1472.866
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 1179.773{col 34}{space 2} 174.2378{col 45}{space 1}    6.77{col 54}{space 3}0.000{col 62}{space 4} 837.7625{col 75}{space 3} 1521.784
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 1261.034{col 34}{space 2} 181.6038{col 45}{space 1}    6.94{col 54}{space 3}0.000{col 62}{space 4} 904.5646{col 75}{space 3} 1617.504
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 1496.002{col 34}{space 2} 183.1799{col 45}{space 1}    8.17{col 54}{space 3}0.000{col 62}{space 4} 1136.439{col 75}{space 3} 1855.565
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 1104.287{col 34}{space 2} 195.7859{col 45}{space 1}    5.64{col 54}{space 3}0.000{col 62}{space 4} 719.9794{col 75}{space 3} 1488.595
{txt}{space 15}2000  {c |}{col 22}{res}{space 2}  1369.71{col 34}{space 2} 191.2846{col 45}{space 1}    7.16{col 54}{space 3}0.000{col 62}{space 4} 994.2378{col 75}{space 3} 1745.182
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 1186.152{col 34}{space 2} 212.8052{col 45}{space 1}    5.57{col 54}{space 3}0.000{col 62}{space 4}  768.437{col 75}{space 3} 1603.867
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 1022.196{col 34}{space 2} 198.1171{col 45}{space 1}    5.16{col 54}{space 3}0.000{col 62}{space 4} 633.3128{col 75}{space 3}  1411.08
{txt}{space 15}2003  {c |}{col 22}{res}{space 2} 1174.955{col 34}{space 2} 197.4101{col 45}{space 1}    5.95{col 54}{space 3}0.000{col 62}{space 4} 787.4595{col 75}{space 3} 1562.451
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 1470.926{col 34}{space 2} 215.7842{col 45}{space 1}    6.82{col 54}{space 3}0.000{col 62}{space 4} 1047.364{col 75}{space 3} 1894.488
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 1316.966{col 34}{space 2} 225.6752{col 45}{space 1}    5.84{col 54}{space 3}0.000{col 62}{space 4} 873.9892{col 75}{space 3} 1759.944
{txt}{space 15}2006  {c |}{col 22}{res}{space 2}  1514.01{col 34}{space 2} 238.4359{col 45}{space 1}    6.35{col 54}{space 3}0.000{col 62}{space 4} 1045.985{col 75}{space 3} 1982.035
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 1320.552{col 34}{space 2} 217.0256{col 45}{space 1}    6.08{col 54}{space 3}0.000{col 62}{space 4} 894.5535{col 75}{space 3} 1746.551
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 1171.965{col 34}{space 2} 263.0507{col 45}{space 1}    4.46{col 54}{space 3}0.000{col 62}{space 4} 655.6238{col 75}{space 3} 1688.307
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} 490.2678{col 34}{space 2} 225.2299{col 45}{space 1}    2.18{col 54}{space 3}0.030{col 62}{space 4} 48.16473{col 75}{space 3} 932.3709
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 1464.994{col 34}{space 2} 225.3923{col 45}{space 1}    6.50{col 54}{space 3}0.000{col 62}{space 4} 1022.572{col 75}{space 3} 1907.416
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2}-38.73357{col 34}{space 2} 237.8792{col 45}{space 1}   -0.16{col 54}{space 3}0.871{col 62}{space 4} -505.666{col 75}{space 3} 428.1988
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallfull
{txt}(option xb assumed; fitted values)
(196 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   810) ={res}   12.68
{txt}{col 13}Prob > F ={res}    0.0004
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   810) ={res}    7.35
{txt}{col 13}Prob > F ={res}    0.0007
{txt}
{com}. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  4,   810) ={res}    1.23
{txt}{col 13}Prob > F ={res}    0.2969
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.532123{col 26}{space 2} 4.451267{col 37}{space 1}    0.34{col 46}{space 3}0.731{col 54}{space 4}-7.205256{col 67}{space 3}  10.2695
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney    + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.493295{col 26}{space 2} 4.419052{col 37}{space 1}    0.34{col 46}{space 3}0.736{col 54}{space 4}-7.180849{col 67}{space 3} 10.16744
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}  36.8503{col 26}{space 2} 16.31744{col 37}{space 1}    2.26{col 46}{space 3}0.024{col 54}{space 4} 4.868699{col 67}{space 3}  68.8319
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 36.71545{col 26}{space 2} 16.17408{col 37}{space 1}    2.27{col 46}{space 3}0.023{col 54}{space 4} 5.014847{col 67}{space 3} 68.41606
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. *
. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. 
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. 
. *** II.B: SOUTHERN STATES (N = 14): PRE-PARTISAN ALIGNMENT TIME PERIOD (1942 - 1980)***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year <=1980 & nonsouth==0
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       490{col 27}-3409.109{col 38}-2972.915{col 49}    72{col 58} 6089.831{col 69} 6391.828
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year <=1980 & nonsouth==0, lag(6) force
{txt}note: L.rep_unified omitted because of collinearity
note: LD.rep_unified omitted because of collinearity

Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       490
{txt}maximum lag: {res}6{col 49}{txt}F( 71,       418){col 67}= {res}   6453.96
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} -.191076{col 34}{space 2} .0513616{col 45}{space 1}   -3.72{col 54}{space 3}0.000{col 62}{space 4}-.2920352{col 75}{space 3}-.0901169
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 6.957076{col 34}{space 2} 2.062189{col 45}{space 1}    3.37{col 54}{space 3}0.001{col 62}{space 4} 2.903523{col 75}{space 3} 11.01063
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0510598{col 34}{space 2} .0169987{col 45}{space 1}   -3.00{col 54}{space 3}0.003{col 62}{space 4}-.0844734{col 75}{space 3}-.0176461
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .2860141{col 34}{space 2} .0743785{col 45}{space 1}    3.85{col 54}{space 3}0.000{col 62}{space 4} .1398116{col 75}{space 3} .4322166
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} 2.097075{col 34}{space 2} 2.045225{col 45}{space 1}    1.03{col 54}{space 3}0.306{col 62}{space 4}-1.923133{col 75}{space 3} 6.117284
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-.0162175{col 34}{space 2}  .023724{col 45}{space 1}   -0.68{col 54}{space 3}0.495{col 62}{space 4}-.0628507{col 75}{space 3} .0304158
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} -.107138{col 34}{space 2} .0487878{col 45}{space 1}   -2.20{col 54}{space 3}0.029{col 62}{space 4}-.2030381{col 75}{space 3}-.0112379
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}  .353995{col 34}{space 2} 2.359148{col 45}{space 1}    0.15{col 54}{space 3}0.881{col 62}{space 4}-4.283277{col 75}{space 3} 4.991267
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-.0145447{col 34}{space 2}  .024206{col 45}{space 1}   -0.60{col 54}{space 3}0.548{col 62}{space 4}-.0621253{col 75}{space 3} .0330359
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0634669{col 34}{space 2} .0539934{col 45}{space 1}   -1.18{col 54}{space 3}0.240{col 62}{space 4}-.1695994{col 75}{space 3} .0426656
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.5173486{col 34}{space 2} 2.032166{col 45}{space 1}   -0.25{col 54}{space 3}0.799{col 62}{space 4}-4.511886{col 75}{space 3} 3.477189
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .0018197{col 34}{space 2} .0196072{col 45}{space 1}    0.09{col 54}{space 3}0.926{col 62}{space 4}-.0367213{col 75}{space 3} .0403606
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-126.0555{col 34}{space 2} 184.3223{col 45}{space 1}   -0.68{col 54}{space 3}0.494{col 62}{space 4}-488.3697{col 75}{space 3} 236.2586
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 1.824279{col 34}{space 2} 226.0689{col 45}{space 1}    0.01{col 54}{space 3}0.994{col 62}{space 4}-442.5493{col 75}{space 3} 446.1978
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 16.27761{col 34}{space 2} 44.52954{col 45}{space 1}    0.37{col 54}{space 3}0.715{col 62}{space 4}-71.25212{col 75}{space 3} 103.8073
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 3.596097{col 34}{space 2} 53.45351{col 45}{space 1}    0.07{col 54}{space 3}0.946{col 62}{space 4}-101.4751{col 75}{space 3} 108.6673
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-273.6716{col 34}{space 2} 245.3288{col 45}{space 1}   -1.12{col 54}{space 3}0.265{col 62}{space 4}-755.9036{col 75}{space 3} 208.5603
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-27.78114{col 34}{space 2} 520.7936{col 45}{space 1}   -0.05{col 54}{space 3}0.957{col 62}{space 4}-1051.482{col 75}{space 3} 995.9197
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-40.13454{col 34}{space 2} 379.6854{col 45}{space 1}   -0.11{col 54}{space 3}0.916{col 62}{space 4}-786.4652{col 75}{space 3} 706.1962
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 3119.303{col 34}{space 2} 639.0407{col 45}{space 1}    4.88{col 54}{space 3}0.000{col 62}{space 4} 1863.169{col 75}{space 3} 4375.437
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 83.03258{col 34}{space 2}    44.16{col 45}{space 1}    1.88{col 54}{space 3}0.061{col 62}{space 4}-3.770762{col 75}{space 3} 169.8359
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-34.20915{col 34}{space 2} 41.44747{col 45}{space 1}   -0.83{col 54}{space 3}0.410{col 62}{space 4}-115.6806{col 75}{space 3} 47.26231
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-98.76791{col 34}{space 2} 52.38157{col 45}{space 1}   -1.89{col 54}{space 3}0.060{col 62}{space 4} -201.732{col 75}{space 3} 4.196207
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 14.62754{col 34}{space 2} 45.59378{col 45}{space 1}    0.32{col 54}{space 3}0.749{col 62}{space 4}-74.99412{col 75}{space 3} 104.2492
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 17}LD. {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 20} {c |}
{space 10}state_fips {c |}
{space 18}5  {c |}{col 22}{res}{space 2}-62.90216{col 34}{space 2} 40.33704{col 45}{space 1}   -1.56{col 54}{space 3}0.120{col 62}{space 4}-142.1909{col 75}{space 3} 16.38656
{txt}{space 17}12  {c |}{col 22}{res}{space 2} 270.1084{col 34}{space 2} 79.85847{col 45}{space 1}    3.38{col 54}{space 3}0.001{col 62}{space 4} 113.1342{col 75}{space 3} 427.0827
{txt}{space 17}13  {c |}{col 22}{res}{space 2} 95.45968{col 34}{space 2} 37.02926{col 45}{space 1}    2.58{col 54}{space 3}0.010{col 62}{space 4} 22.67291{col 75}{space 3} 168.2465
{txt}{space 17}21  {c |}{col 22}{res}{space 2}-103.2817{col 34}{space 2}  87.7955{col 45}{space 1}   -1.18{col 54}{space 3}0.240{col 62}{space 4}-275.8574{col 75}{space 3} 69.29405
{txt}{space 17}22  {c |}{col 22}{res}{space 2} 146.5851{col 34}{space 2} 53.30967{col 45}{space 1}    2.75{col 54}{space 3}0.006{col 62}{space 4} 41.79667{col 75}{space 3} 251.3735
{txt}{space 17}28  {c |}{col 22}{res}{space 2}-177.8739{col 34}{space 2} 52.97612{col 45}{space 1}   -3.36{col 54}{space 3}0.001{col 62}{space 4}-282.0067{col 75}{space 3}-73.74114
{txt}{space 17}37  {c |}{col 22}{res}{space 2}-17.88379{col 34}{space 2} 30.08017{col 45}{space 1}   -0.59{col 54}{space 3}0.552{col 62}{space 4}-77.01104{col 75}{space 3} 41.24347
{txt}{space 17}40  {c |}{col 22}{res}{space 2} 130.7785{col 34}{space 2} 80.74705{col 45}{space 1}    1.62{col 54}{space 3}0.106{col 62}{space 4}-27.94236{col 75}{space 3} 289.4994
{txt}{space 17}45  {c |}{col 22}{res}{space 2}-43.53778{col 34}{space 2} 31.16087{col 45}{space 1}   -1.40{col 54}{space 3}0.163{col 62}{space 4}-104.7893{col 75}{space 3} 17.71376
{txt}{space 17}47  {c |}{col 22}{res}{space 2}-98.02622{col 34}{space 2}  55.6768{col 45}{space 1}   -1.76{col 54}{space 3}0.079{col 62}{space 4}-207.4676{col 75}{space 3} 11.41519
{txt}{space 17}48  {c |}{col 22}{res}{space 2} 338.4941{col 34}{space 2} 76.96956{col 45}{space 1}    4.40{col 54}{space 3}0.000{col 62}{space 4} 187.1984{col 75}{space 3} 489.7897
{txt}{space 17}51  {c |}{col 22}{res}{space 2}  237.426{col 34}{space 2} 74.63365{col 45}{space 1}    3.18{col 54}{space 3}0.002{col 62}{space 4} 90.72194{col 75}{space 3}   384.13
{txt}{space 17}54  {c |}{col 22}{res}{space 2}-113.4297{col 34}{space 2} 87.14514{col 45}{space 1}   -1.30{col 54}{space 3}0.194{col 62}{space 4} -284.727{col 75}{space 3} 57.86762
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1947  {c |}{col 22}{res}{space 2} 115.7148{col 34}{space 2} 86.69793{col 45}{space 1}    1.33{col 54}{space 3}0.183{col 62}{space 4} -54.7035{col 75}{space 3}  286.133
{txt}{space 15}1948  {c |}{col 22}{res}{space 2} 415.9046{col 34}{space 2} 90.30525{col 45}{space 1}    4.61{col 54}{space 3}0.000{col 62}{space 4} 238.3955{col 75}{space 3} 593.4136
{txt}{space 15}1949  {c |}{col 22}{res}{space 2} 107.1381{col 34}{space 2} 91.76111{col 45}{space 1}    1.17{col 54}{space 3}0.244{col 62}{space 4}-73.23259{col 75}{space 3} 287.5089
{txt}{space 15}1950  {c |}{col 22}{res}{space 2} 384.8683{col 34}{space 2} 73.65562{col 45}{space 1}    5.23{col 54}{space 3}0.000{col 62}{space 4} 240.0867{col 75}{space 3} 529.6499
{txt}{space 15}1951  {c |}{col 22}{res}{space 2}   365.67{col 34}{space 2} 64.15172{col 45}{space 1}    5.70{col 54}{space 3}0.000{col 62}{space 4} 239.5698{col 75}{space 3} 491.7702
{txt}{space 15}1952  {c |}{col 22}{res}{space 2} 488.0237{col 34}{space 2}  57.7302{col 45}{space 1}    8.45{col 54}{space 3}0.000{col 62}{space 4}  374.546{col 75}{space 3} 601.5014
{txt}{space 15}1953  {c |}{col 22}{res}{space 2} 452.2101{col 34}{space 2} 57.45589{col 45}{space 1}    7.87{col 54}{space 3}0.000{col 62}{space 4} 339.2716{col 75}{space 3} 565.1486
{txt}{space 15}1954  {c |}{col 22}{res}{space 2} 282.5106{col 34}{space 2} 55.77491{col 45}{space 1}    5.07{col 54}{space 3}0.000{col 62}{space 4} 172.8763{col 75}{space 3} 392.1448
{txt}{space 15}1955  {c |}{col 22}{res}{space 2} 709.6444{col 34}{space 2} 64.89063{col 45}{space 1}   10.94{col 54}{space 3}0.000{col 62}{space 4} 582.0918{col 75}{space 3}  837.197
{txt}{space 15}1956  {c |}{col 22}{res}{space 2} 582.5559{col 34}{space 2} 69.98479{col 45}{space 1}    8.32{col 54}{space 3}0.000{col 62}{space 4} 444.9899{col 75}{space 3} 720.1218
{txt}{space 15}1957  {c |}{col 22}{res}{space 2} 397.1086{col 34}{space 2} 79.42757{col 45}{space 1}    5.00{col 54}{space 3}0.000{col 62}{space 4} 240.9813{col 75}{space 3} 553.2358
{txt}{space 15}1958  {c |}{col 22}{res}{space 2} 522.9233{col 34}{space 2} 76.45486{col 45}{space 1}    6.84{col 54}{space 3}0.000{col 62}{space 4} 372.6394{col 75}{space 3} 673.2072
{txt}{space 15}1959  {c |}{col 22}{res}{space 2} 724.7844{col 34}{space 2} 82.01555{col 45}{space 1}    8.84{col 54}{space 3}0.000{col 62}{space 4} 563.5701{col 75}{space 3} 885.9987
{txt}{space 15}1960  {c |}{col 22}{res}{space 2} 469.7489{col 34}{space 2} 89.19013{col 45}{space 1}    5.27{col 54}{space 3}0.000{col 62}{space 4} 294.4319{col 75}{space 3}  645.066
{txt}{space 15}1961  {c |}{col 22}{res}{space 2} 684.3247{col 34}{space 2} 94.16166{col 45}{space 1}    7.27{col 54}{space 3}0.000{col 62}{space 4} 499.2354{col 75}{space 3} 869.4141
{txt}{space 15}1962  {c |}{col 22}{res}{space 2} 730.0415{col 34}{space 2}  91.0481{col 45}{space 1}    8.02{col 54}{space 3}0.000{col 62}{space 4} 551.0723{col 75}{space 3} 909.0107
{txt}{space 15}1963  {c |}{col 22}{res}{space 2} 741.2109{col 34}{space 2} 98.76284{col 45}{space 1}    7.50{col 54}{space 3}0.000{col 62}{space 4} 547.0771{col 75}{space 3} 935.3446
{txt}{space 15}1964  {c |}{col 22}{res}{space 2}   894.24{col 34}{space 2} 101.8244{col 45}{space 1}    8.78{col 54}{space 3}0.000{col 62}{space 4} 694.0884{col 75}{space 3} 1094.392
{txt}{space 15}1965  {c |}{col 22}{res}{space 2} 969.4704{col 34}{space 2} 107.6788{col 45}{space 1}    9.00{col 54}{space 3}0.000{col 62}{space 4} 757.8109{col 75}{space 3}  1181.13
{txt}{space 15}1966  {c |}{col 22}{res}{space 2} 1034.364{col 34}{space 2} 119.5606{col 45}{space 1}    8.65{col 54}{space 3}0.000{col 62}{space 4} 799.3494{col 75}{space 3} 1269.379
{txt}{space 15}1967  {c |}{col 22}{res}{space 2} 1071.604{col 34}{space 2} 130.6605{col 45}{space 1}    8.20{col 54}{space 3}0.000{col 62}{space 4} 814.7701{col 75}{space 3} 1328.437
{txt}{space 15}1968  {c |}{col 22}{res}{space 2} 1150.412{col 34}{space 2} 142.9946{col 45}{space 1}    8.05{col 54}{space 3}0.000{col 62}{space 4}  869.334{col 75}{space 3}  1431.49
{txt}{space 15}1969  {c |}{col 22}{res}{space 2} 1149.292{col 34}{space 2} 163.8546{col 45}{space 1}    7.01{col 54}{space 3}0.000{col 62}{space 4} 827.2105{col 75}{space 3} 1471.374
{txt}{space 15}1970  {c |}{col 22}{res}{space 2} 1092.314{col 34}{space 2} 175.5406{col 45}{space 1}    6.22{col 54}{space 3}0.000{col 62}{space 4} 747.2616{col 75}{space 3} 1437.366
{txt}{space 15}1971  {c |}{col 22}{res}{space 2} 1225.165{col 34}{space 2} 186.5699{col 45}{space 1}    6.57{col 54}{space 3}0.000{col 62}{space 4} 858.4324{col 75}{space 3} 1591.897
{txt}{space 15}1972  {c |}{col 22}{res}{space 2} 1533.208{col 34}{space 2} 205.0324{col 45}{space 1}    7.48{col 54}{space 3}0.000{col 62}{space 4} 1130.185{col 75}{space 3} 1936.231
{txt}{space 15}1973  {c |}{col 22}{res}{space 2} 1511.298{col 34}{space 2}  220.445{col 45}{space 1}    6.86{col 54}{space 3}0.000{col 62}{space 4} 1077.979{col 75}{space 3} 1944.617
{txt}{space 15}1974  {c |}{col 22}{res}{space 2} 1089.273{col 34}{space 2} 227.7126{col 45}{space 1}    4.78{col 54}{space 3}0.000{col 62}{space 4} 641.6681{col 75}{space 3} 1536.877
{txt}{space 15}1975  {c |}{col 22}{res}{space 2} 1207.043{col 34}{space 2} 246.3281{col 45}{space 1}    4.90{col 54}{space 3}0.000{col 62}{space 4} 722.8468{col 75}{space 3} 1691.239
{txt}{space 15}1976  {c |}{col 22}{res}{space 2} 1628.286{col 34}{space 2} 251.5857{col 45}{space 1}    6.47{col 54}{space 3}0.000{col 62}{space 4} 1133.755{col 75}{space 3} 2122.817
{txt}{space 15}1977  {c |}{col 22}{res}{space 2} 1416.617{col 34}{space 2} 274.3372{col 45}{space 1}    5.16{col 54}{space 3}0.000{col 62}{space 4} 877.3649{col 75}{space 3}  1955.87
{txt}{space 15}1978  {c |}{col 22}{res}{space 2} 1690.479{col 34}{space 2} 288.7564{col 45}{space 1}    5.85{col 54}{space 3}0.000{col 62}{space 4} 1122.883{col 75}{space 3} 2258.074
{txt}{space 15}1979  {c |}{col 22}{res}{space 2}  1344.14{col 34}{space 2} 281.8142{col 45}{space 1}    4.77{col 54}{space 3}0.000{col 62}{space 4}   790.19{col 75}{space 3} 1898.089
{txt}{space 15}1980  {c |}{col 22}{res}{space 2} 1176.296{col 34}{space 2} 301.6088{col 45}{space 1}    3.90{col 54}{space 3}0.000{col 62}{space 4} 583.4369{col 75}{space 3} 1769.155
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 538.0179{col 34}{space 2} 329.2439{col 45}{space 1}    1.63{col 54}{space 3}0.103{col 62}{space 4}-109.1622{col 75}{space 3} 1185.198
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpre if year<=1980 & nonsouth==0
{txt}(option xb assumed; fitted values)
(2,849 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   418) ={res}   13.84
{txt}{col 13}Prob > F ={res}    0.0002
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   418) ={res}    7.82
{txt}{col 13}Prob > F ={res}    0.0005
{txt}
{com}. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  4,   418) ={res}    3.94
{txt}{col 13}Prob > F ={res}    0.0038
{txt}
{com}. 
. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.933722{col 26}{space 2}  3.76292{col 37}{space 1}    0.51{col 46}{space 3}0.608{col 54}{space 4}-5.462882{col 67}{space 3} 9.330326
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney    + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.904779{col 26}{space 2} 3.734895{col 37}{space 1}    0.51{col 46}{space 3}0.610{col 54}{space 4}-5.436738{col 67}{space 3} 9.246297
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 36.40999{col 26}{space 2} 8.953731{col 37}{space 1}    4.07{col 46}{space 3}0.000{col 54}{space 4}   18.861{col 67}{space 3} 53.95898
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 36.14276{col 26}{space 2} 8.882189{col 37}{space 1}    4.07{col 46}{space 3}0.000{col 54}{space 4} 18.73399{col 67}{space 3} 53.55153
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. 
. *** II.C: SOUTHERN STATES (N = 14): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year >1980 & nonsouth==0
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       420{col 27} -2982.74{col 38}-2740.409{col 49}    69{col 58} 5618.817{col 69} 5897.595
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year >1980 & nonsouth==0, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       420
{txt}maximum lag: {res}5{col 49}{txt}F( 68,       351){col 67}= {res}     29.81
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.1517241{col 34}{space 2} .0267305{col 45}{space 1}   -5.68{col 54}{space 3}0.000{col 62}{space 4}-.2042961{col 75}{space 3} -.099152
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 3.417364{col 34}{space 2} 2.256659{col 45}{space 1}    1.51{col 54}{space 3}0.131{col 62}{space 4} -1.02091{col 75}{space 3} 7.855639
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} -.026606{col 34}{space 2} .0176861{col 45}{space 1}   -1.50{col 54}{space 3}0.133{col 62}{space 4}-.0613901{col 75}{space 3} .0081781
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .1923025{col 34}{space 2} .1075614{col 45}{space 1}    1.79{col 54}{space 3}0.075{col 62}{space 4}-.0192434{col 75}{space 3} .4038483
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} .3409807{col 34}{space 2} 4.364716{col 45}{space 1}    0.08{col 54}{space 3}0.938{col 62}{space 4}-8.243305{col 75}{space 3} 8.925266
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-.0118088{col 34}{space 2} .0369996{col 45}{space 1}   -0.32{col 54}{space 3}0.750{col 62}{space 4}-.0845776{col 75}{space 3} .0609599
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .2588433{col 34}{space 2} .1045973{col 45}{space 1}    2.47{col 54}{space 3}0.014{col 62}{space 4}  .053127{col 75}{space 3} .4645597
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-2.062804{col 34}{space 2} 3.220023{col 45}{space 1}   -0.64{col 54}{space 3}0.522{col 62}{space 4}-8.395769{col 75}{space 3} 4.270162
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-.0069714{col 34}{space 2} .0291577{col 45}{space 1}   -0.24{col 54}{space 3}0.811{col 62}{space 4}-.0643172{col 75}{space 3} .0503744
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2} .0015352{col 34}{space 2} .0724233{col 45}{space 1}    0.02{col 54}{space 3}0.983{col 62}{space 4} -.140903{col 75}{space 3} .1439735
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-4.495961{col 34}{space 2} 3.505661{col 45}{space 1}   -1.28{col 54}{space 3}0.201{col 62}{space 4} -11.3907{col 75}{space 3} 2.398783
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .0237722{col 34}{space 2} .0297572{col 45}{space 1}    0.80{col 54}{space 3}0.425{col 62}{space 4}-.0347528{col 75}{space 3} .0822971
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-195.7337{col 34}{space 2} 809.1003{col 45}{space 1}   -0.24{col 54}{space 3}0.809{col 62}{space 4}-1787.028{col 75}{space 3} 1395.561
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 420.5635{col 34}{space 2} 1042.498{col 45}{space 1}    0.40{col 54}{space 3}0.687{col 62}{space 4}-1629.764{col 75}{space 3} 2470.891
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 96.97468{col 34}{space 2}   67.626{col 45}{space 1}    1.43{col 54}{space 3}0.152{col 62}{space 4}-36.02846{col 75}{space 3} 229.9778
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} -190.854{col 34}{space 2} 61.63142{col 45}{space 1}   -3.10{col 54}{space 3}0.002{col 62}{space 4}-312.0673{col 75}{space 3}-69.64067
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-511.0492{col 34}{space 2} 551.0411{col 45}{space 1}   -0.93{col 54}{space 3}0.354{col 62}{space 4}-1594.807{col 75}{space 3} 572.7085
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-922.3042{col 34}{space 2} 870.3099{col 45}{space 1}   -1.06{col 54}{space 3}0.290{col 62}{space 4}-2633.982{col 75}{space 3} 789.3739
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 424.4935{col 34}{space 2} 3806.497{col 45}{space 1}    0.11{col 54}{space 3}0.911{col 62}{space 4}-7061.917{col 75}{space 3} 7910.904
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 5891.957{col 34}{space 2} 2992.765{col 45}{space 1}    1.97{col 54}{space 3}0.050{col 62}{space 4} 5.949344{col 75}{space 3} 11777.96
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 25.05349{col 34}{space 2} 44.38362{col 45}{space 1}    0.56{col 54}{space 3}0.573{col 62}{space 4}-62.23781{col 75}{space 3} 112.3448
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 117.4666{col 34}{space 2} 61.55232{col 45}{space 1}    1.91{col 54}{space 3}0.057{col 62}{space 4}-3.591183{col 75}{space 3} 238.5243
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.3003921{col 34}{space 2} 50.67575{col 45}{space 1}   -0.01{col 54}{space 3}0.995{col 62}{space 4} -99.9667{col 75}{space 3} 99.36591
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-108.0655{col 34}{space 2} 62.06451{col 45}{space 1}   -1.74{col 54}{space 3}0.083{col 62}{space 4}-230.1306{col 75}{space 3} 13.99958
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} -80.5025{col 34}{space 2} 59.53574{col 45}{space 1}   -1.35{col 54}{space 3}0.177{col 62}{space 4}-197.5942{col 75}{space 3} 36.58915
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 51.49835{col 34}{space 2}  79.8754{col 45}{space 1}    0.64{col 54}{space 3}0.520{col 62}{space 4}-105.5962{col 75}{space 3} 208.5929
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}5  {c |}{col 22}{res}{space 2}-70.74735{col 34}{space 2} 83.73067{col 45}{space 1}   -0.84{col 54}{space 3}0.399{col 62}{space 4}-235.4243{col 75}{space 3} 93.92957
{txt}{space 17}12  {c |}{col 22}{res}{space 2} 402.4705{col 34}{space 2} 80.23005{col 45}{space 1}    5.02{col 54}{space 3}0.000{col 62}{space 4} 244.6784{col 75}{space 3} 560.2626
{txt}{space 17}13  {c |}{col 22}{res}{space 2} 249.8848{col 34}{space 2} 58.12376{col 45}{space 1}    4.30{col 54}{space 3}0.000{col 62}{space 4} 135.5701{col 75}{space 3} 364.1994
{txt}{space 17}21  {c |}{col 22}{res}{space 2} 63.11236{col 34}{space 2} 82.89952{col 45}{space 1}    0.76{col 54}{space 3}0.447{col 62}{space 4}-99.92991{col 75}{space 3} 226.1546
{txt}{space 17}22  {c |}{col 22}{res}{space 2} 47.54743{col 34}{space 2} 53.56046{col 45}{space 1}    0.89{col 54}{space 3}0.375{col 62}{space 4}-57.79237{col 75}{space 3} 152.8872
{txt}{space 17}28  {c |}{col 22}{res}{space 2}-204.0159{col 34}{space 2} 56.56459{col 45}{space 1}   -3.61{col 54}{space 3}0.000{col 62}{space 4}-315.2641{col 75}{space 3}-92.76774
{txt}{space 17}37  {c |}{col 22}{res}{space 2} 175.4785{col 34}{space 2} 49.02048{col 45}{space 1}    3.58{col 54}{space 3}0.000{col 62}{space 4} 79.06773{col 75}{space 3} 271.8894
{txt}{space 17}40  {c |}{col 22}{res}{space 2} 42.09582{col 34}{space 2} 49.87345{col 45}{space 1}    0.84{col 54}{space 3}0.399{col 62}{space 4}-55.99257{col 75}{space 3} 140.1842
{txt}{space 17}45  {c |}{col 22}{res}{space 2} 5.677076{col 34}{space 2} 43.55735{col 45}{space 1}    0.13{col 54}{space 3}0.896{col 62}{space 4}-79.98915{col 75}{space 3}  91.3433
{txt}{space 17}47  {c |}{col 22}{res}{space 2} 163.7203{col 34}{space 2} 79.57859{col 45}{space 1}    2.06{col 54}{space 3}0.040{col 62}{space 4} 7.209482{col 75}{space 3} 320.2312
{txt}{space 17}48  {c |}{col 22}{res}{space 2} 329.4993{col 34}{space 2} 69.54359{col 45}{space 1}    4.74{col 54}{space 3}0.000{col 62}{space 4} 192.7247{col 75}{space 3} 466.2738
{txt}{space 17}51  {c |}{col 22}{res}{space 2} 591.1068{col 34}{space 2} 110.1864{col 45}{space 1}    5.36{col 54}{space 3}0.000{col 62}{space 4} 374.3982{col 75}{space 3} 807.8155
{txt}{space 17}54  {c |}{col 22}{res}{space 2}-61.50599{col 34}{space 2} 88.13054{col 45}{space 1}   -0.70{col 54}{space 3}0.486{col 62}{space 4}-234.8363{col 75}{space 3} 111.8244
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1982  {c |}{col 22}{res}{space 2}-39.05194{col 34}{space 2} 86.40294{col 45}{space 1}   -0.45{col 54}{space 3}0.652{col 62}{space 4}-208.9845{col 75}{space 3} 130.8807
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} 25.23923{col 34}{space 2} 113.0771{col 45}{space 1}    0.22{col 54}{space 3}0.824{col 62}{space 4}-197.1546{col 75}{space 3}  247.633
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 353.5405{col 34}{space 2} 90.16484{col 45}{space 1}    3.92{col 54}{space 3}0.000{col 62}{space 4} 176.2092{col 75}{space 3} 530.8718
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 96.75292{col 34}{space 2}   120.69{col 45}{space 1}    0.80{col 54}{space 3}0.423{col 62}{space 4}-140.6135{col 75}{space 3} 334.1194
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 36.01664{col 34}{space 2} 111.4719{col 45}{space 1}    0.32{col 54}{space 3}0.747{col 62}{space 4}-183.2203{col 75}{space 3} 255.2535
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 43.71789{col 34}{space 2} 99.11703{col 45}{space 1}    0.44{col 54}{space 3}0.659{col 62}{space 4}-151.2201{col 75}{space 3} 238.6559
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 330.5833{col 34}{space 2} 99.12399{col 45}{space 1}    3.34{col 54}{space 3}0.001{col 62}{space 4} 135.6316{col 75}{space 3} 525.5349
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 299.1278{col 34}{space 2} 121.6007{col 45}{space 1}    2.46{col 54}{space 3}0.014{col 62}{space 4} 59.97005{col 75}{space 3} 538.2855
{txt}{space 15}1990  {c |}{col 22}{res}{space 2} 31.41495{col 34}{space 2} 122.7638{col 45}{space 1}    0.26{col 54}{space 3}0.798{col 62}{space 4}-210.0303{col 75}{space 3} 272.8602
{txt}{space 15}1991  {c |}{col 22}{res}{space 2} 16.11505{col 34}{space 2} 107.8601{col 45}{space 1}    0.15{col 54}{space 3}0.881{col 62}{space 4}-196.0184{col 75}{space 3} 228.2485
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 506.3963{col 34}{space 2} 117.4075{col 45}{space 1}    4.31{col 54}{space 3}0.000{col 62}{space 4} 275.4857{col 75}{space 3} 737.3069
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 289.5051{col 34}{space 2} 153.9606{col 45}{space 1}    1.88{col 54}{space 3}0.061{col 62}{space 4}-13.29633{col 75}{space 3} 592.3065
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 402.9789{col 34}{space 2} 135.4046{col 45}{space 1}    2.98{col 54}{space 3}0.003{col 62}{space 4} 136.6724{col 75}{space 3} 669.2853
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 399.4245{col 34}{space 2} 144.7097{col 45}{space 1}    2.76{col 54}{space 3}0.006{col 62}{space 4} 114.8174{col 75}{space 3} 684.0317
{txt}{space 15}1996  {c |}{col 22}{res}{space 2}  448.592{col 34}{space 2} 143.2455{col 45}{space 1}    3.13{col 54}{space 3}0.002{col 62}{space 4} 166.8646{col 75}{space 3} 730.3193
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 572.8751{col 34}{space 2} 151.1713{col 45}{space 1}    3.79{col 54}{space 3}0.000{col 62}{space 4} 275.5596{col 75}{space 3} 870.1907
{txt}{space 15}1998  {c |}{col 22}{res}{space 2}   822.13{col 34}{space 2} 160.1265{col 45}{space 1}    5.13{col 54}{space 3}0.000{col 62}{space 4} 507.2018{col 75}{space 3} 1137.058
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 460.7142{col 34}{space 2} 184.1904{col 45}{space 1}    2.50{col 54}{space 3}0.013{col 62}{space 4} 98.45855{col 75}{space 3} 822.9698
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 698.8313{col 34}{space 2} 165.6137{col 45}{space 1}    4.22{col 54}{space 3}0.000{col 62}{space 4} 373.1113{col 75}{space 3} 1024.551
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 585.4184{col 34}{space 2} 187.5355{col 45}{space 1}    3.12{col 54}{space 3}0.002{col 62}{space 4} 216.5838{col 75}{space 3}  954.253
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 442.3695{col 34}{space 2} 173.1602{col 45}{space 1}    2.55{col 54}{space 3}0.011{col 62}{space 4} 101.8075{col 75}{space 3} 782.9316
{txt}{space 15}2003  {c |}{col 22}{res}{space 2} 590.4117{col 34}{space 2} 172.2593{col 45}{space 1}    3.43{col 54}{space 3}0.001{col 62}{space 4} 251.6214{col 75}{space 3}  929.202
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 972.1796{col 34}{space 2} 201.1246{col 45}{space 1}    4.83{col 54}{space 3}0.000{col 62}{space 4} 576.6187{col 75}{space 3}  1367.74
{txt}{space 15}2005  {c |}{col 22}{res}{space 2}  877.544{col 34}{space 2} 222.4101{col 45}{space 1}    3.95{col 54}{space 3}0.000{col 62}{space 4} 440.1199{col 75}{space 3} 1314.968
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 1022.055{col 34}{space 2} 214.6777{col 45}{space 1}    4.76{col 54}{space 3}0.000{col 62}{space 4} 599.8383{col 75}{space 3} 1444.271
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 867.8968{col 34}{space 2} 213.7582{col 45}{space 1}    4.06{col 54}{space 3}0.000{col 62}{space 4} 447.4889{col 75}{space 3} 1288.305
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 713.9018{col 34}{space 2} 253.7177{col 45}{space 1}    2.81{col 54}{space 3}0.005{col 62}{space 4} 214.9036{col 75}{space 3}   1212.9
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} 50.40353{col 34}{space 2} 198.6426{col 45}{space 1}    0.25{col 54}{space 3}0.800{col 62}{space 4}-340.2759{col 75}{space 3} 441.0829
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 975.9668{col 34}{space 2} 180.0814{col 45}{space 1}    5.42{col 54}{space 3}0.000{col 62}{space 4} 621.7926{col 75}{space 3} 1330.141
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 1113.946{col 34}{space 2} 3812.301{col 45}{space 1}    0.29{col 54}{space 3}0.770{col 62}{space 4} -6383.88{col 75}{space 3} 8611.772
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & nonsouth==0
{txt}(option xb assumed; fitted values)
(2,919 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   351) ={res}   32.22
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   351) ={res}   18.14
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  4,   351) ={res}    0.80
{txt}{col 13}Prob > F ={res}    0.5252
{txt}
{com}. 
. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-6.217784{col 26}{space 2} 7.137827{col 37}{space 1}   -0.87{col 46}{space 3}0.384{col 54}{space 4}-20.25607{col 67}{space 3} 7.820506
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney    + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-6.212792{col 26}{space 2} 7.089197{col 37}{space 1}   -0.88{col 46}{space 3}0.381{col 54}{space 4}-20.15544{col 67}{space 3} 7.729855
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 22.52355{col 26}{space 2} 15.72376{col 37}{space 1}    1.43{col 46}{space 3}0.152{col 54}{space 4}-8.294459{col 67}{space 3} 53.34156
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 22.34819{col 26}{space 2} 15.61104{col 37}{space 1}    1.43{col 46}{space 3}0.152{col 54}{space 4}-8.248889{col 67}{space 3} 52.94527
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. restore 
{txt}
{com}. 
. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. 
. preserve
{txt}
{com}. 
. 
. 
. 
. 
. 
. 
. //(4,3)  MODEL
. 
. 
. 
. 
. *** III.A: NEW SOUTH STATES (N = 5): FULL TIME PERIOD (1942 -2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if newsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       325{col 27}-2319.461{col 38}-2012.044{col 49}    95{col 58} 4214.088{col 69} 4573.551
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if newsouth==1, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       325
{txt}maximum lag: {res}8{col 49}{txt}F( 94,       230){col 67}= {res}    221.52
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0691613{col 34}{space 2} .0350966{col 45}{space 1}   -1.97{col 54}{space 3}0.050{col 62}{space 4}-.1383132{col 75}{space 3}-9.40e-06
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} .3676365{col 34}{space 2} 2.831987{col 45}{space 1}    0.13{col 54}{space 3}0.897{col 62}{space 4}-5.212318{col 75}{space 3} 5.947591
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0180734{col 34}{space 2} .0267341{col 45}{space 1}   -0.68{col 54}{space 3}0.500{col 62}{space 4}-.0707485{col 75}{space 3} .0346017
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .1733164{col 34}{space 2} .1193614{col 45}{space 1}    1.45{col 54}{space 3}0.148{col 62}{space 4}-.0618652{col 75}{space 3}  .408498
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}  2.02138{col 34}{space 2} 2.404183{col 45}{space 1}    0.84{col 54}{space 3}0.401{col 62}{space 4}-2.715657{col 75}{space 3} 6.758417
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-.0148997{col 34}{space 2} .0231572{col 45}{space 1}   -0.64{col 54}{space 3}0.521{col 62}{space 4} -.060527{col 75}{space 3} .0307276
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .1476653{col 34}{space 2} .0710146{col 45}{space 1}    2.08{col 54}{space 3}0.039{col 62}{space 4} .0077429{col 75}{space 3} .2875876
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} 1.397489{col 34}{space 2} 3.085125{col 45}{space 1}    0.45{col 54}{space 3}0.651{col 62}{space 4} -4.68123{col 75}{space 3} 7.476209
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .0002667{col 34}{space 2} .0292675{col 45}{space 1}    0.01{col 54}{space 3}0.993{col 62}{space 4}   -.0574{col 75}{space 3} .0579334
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2} .0030319{col 34}{space 2} .0997947{col 45}{space 1}    0.03{col 54}{space 3}0.976{col 62}{space 4}-.1935967{col 75}{space 3} .1996606
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} 4.227579{col 34}{space 2} 2.834286{col 45}{space 1}    1.49{col 54}{space 3}0.137{col 62}{space 4}-1.356904{col 75}{space 3} 9.812063
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.0271581{col 34}{space 2} .0291775{col 45}{space 1}   -0.93{col 54}{space 3}0.353{col 62}{space 4}-.0846475{col 75}{space 3} .0303313
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-526.5349{col 34}{space 2} 375.3763{col 45}{space 1}   -1.40{col 54}{space 3}0.162{col 62}{space 4}-1266.151{col 75}{space 3} 213.0809
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-148.6659{col 34}{space 2} 517.1818{col 45}{space 1}   -0.29{col 54}{space 3}0.774{col 62}{space 4}-1167.686{col 75}{space 3} 870.3539
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 8.853734{col 34}{space 2} 50.62575{col 45}{space 1}    0.17{col 54}{space 3}0.861{col 62}{space 4}-90.89579{col 75}{space 3} 108.6033
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 115.5776{col 34}{space 2} 123.3858{col 45}{space 1}    0.94{col 54}{space 3}0.350{col 62}{space 4}-127.5334{col 75}{space 3} 358.6885
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 639.2078{col 34}{space 2} 414.0073{col 45}{space 1}    1.54{col 54}{space 3}0.124{col 62}{space 4} -176.524{col 75}{space 3}  1454.94
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-2610.859{col 34}{space 2} 1371.795{col 45}{space 1}   -1.90{col 54}{space 3}0.058{col 62}{space 4}-5313.751{col 75}{space 3} 92.03249
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-1628.239{col 34}{space 2} 822.6418{col 45}{space 1}   -1.98{col 54}{space 3}0.049{col 62}{space 4}-3249.116{col 75}{space 3}-7.361182
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 3792.218{col 34}{space 2} 1413.477{col 45}{space 1}    2.68{col 54}{space 3}0.008{col 62}{space 4} 1007.199{col 75}{space 3} 6577.236
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 32.25262{col 34}{space 2} 54.14173{col 45}{space 1}    0.60{col 54}{space 3}0.552{col 62}{space 4}-74.42456{col 75}{space 3} 138.9298
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 73.06138{col 34}{space 2} 61.17932{col 45}{space 1}    1.19{col 54}{space 3}0.234{col 62}{space 4}-47.48218{col 75}{space 3} 193.6049
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-67.20253{col 34}{space 2} 54.02254{col 45}{space 1}   -1.24{col 54}{space 3}0.215{col 62}{space 4}-173.6449{col 75}{space 3}  39.2398
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-45.93587{col 34}{space 2} 64.23455{col 45}{space 1}   -0.72{col 54}{space 3}0.475{col 62}{space 4}-172.4992{col 75}{space 3} 80.62751
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-18.12304{col 34}{space 2} 61.72187{col 45}{space 1}   -0.29{col 54}{space 3}0.769{col 62}{space 4}-139.7356{col 75}{space 3} 103.4895
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 13.32756{col 34}{space 2} 102.4938{col 45}{space 1}    0.13{col 54}{space 3}0.897{col 62}{space 4}-188.6191{col 75}{space 3} 215.2743
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 17}13  {c |}{col 22}{res}{space 2}-121.8083{col 34}{space 2} 61.16138{col 45}{space 1}   -1.99{col 54}{space 3}0.048{col 62}{space 4}-242.3165{col 75}{space 3}-1.300097
{txt}{space 17}37  {c |}{col 22}{res}{space 2}-146.9746{col 34}{space 2} 68.57171{col 45}{space 1}   -2.14{col 54}{space 3}0.033{col 62}{space 4}-282.0836{col 75}{space 3}-11.86557
{txt}{space 17}48  {c |}{col 22}{res}{space 2}-64.39452{col 34}{space 2} 70.71755{col 45}{space 1}   -0.91{col 54}{space 3}0.363{col 62}{space 4}-203.7316{col 75}{space 3} 74.94251
{txt}{space 17}51  {c |}{col 22}{res}{space 2} 105.3957{col 34}{space 2} 42.76812{col 45}{space 1}    2.46{col 54}{space 3}0.014{col 62}{space 4} 21.12826{col 75}{space 3}  189.663
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1947  {c |}{col 22}{res}{space 2}  57.4467{col 34}{space 2} 171.6533{col 45}{space 1}    0.33{col 54}{space 3}0.738{col 62}{space 4}-280.7672{col 75}{space 3} 395.6606
{txt}{space 15}1948  {c |}{col 22}{res}{space 2} 524.0341{col 34}{space 2} 157.4782{col 45}{space 1}    3.33{col 54}{space 3}0.001{col 62}{space 4} 213.7498{col 75}{space 3} 834.3184
{txt}{space 15}1949  {c |}{col 22}{res}{space 2} 581.0017{col 34}{space 2} 188.3114{col 45}{space 1}    3.09{col 54}{space 3}0.002{col 62}{space 4} 209.9657{col 75}{space 3} 952.0377
{txt}{space 15}1950  {c |}{col 22}{res}{space 2} 865.2764{col 34}{space 2} 160.7294{col 45}{space 1}    5.38{col 54}{space 3}0.000{col 62}{space 4} 548.5862{col 75}{space 3} 1181.967
{txt}{space 15}1951  {c |}{col 22}{res}{space 2} 595.6139{col 34}{space 2} 144.4939{col 45}{space 1}    4.12{col 54}{space 3}0.000{col 62}{space 4}  310.913{col 75}{space 3} 880.3148
{txt}{space 15}1952  {c |}{col 22}{res}{space 2} 662.2236{col 34}{space 2} 133.1019{col 45}{space 1}    4.98{col 54}{space 3}0.000{col 62}{space 4} 399.9687{col 75}{space 3} 924.4785
{txt}{space 15}1953  {c |}{col 22}{res}{space 2} 604.6106{col 34}{space 2} 134.6025{col 45}{space 1}    4.49{col 54}{space 3}0.000{col 62}{space 4}  339.399{col 75}{space 3} 869.8222
{txt}{space 15}1954  {c |}{col 22}{res}{space 2}  568.616{col 34}{space 2} 138.1339{col 45}{space 1}    4.12{col 54}{space 3}0.000{col 62}{space 4} 296.4465{col 75}{space 3} 840.7855
{txt}{space 15}1955  {c |}{col 22}{res}{space 2} 962.0587{col 34}{space 2} 141.8017{col 45}{space 1}    6.78{col 54}{space 3}0.000{col 62}{space 4} 682.6623{col 75}{space 3} 1241.455
{txt}{space 15}1956  {c |}{col 22}{res}{space 2} 834.5109{col 34}{space 2}  157.657{col 45}{space 1}    5.29{col 54}{space 3}0.000{col 62}{space 4} 523.8742{col 75}{space 3} 1145.148
{txt}{space 15}1957  {c |}{col 22}{res}{space 2} 501.9629{col 34}{space 2} 170.7982{col 45}{space 1}    2.94{col 54}{space 3}0.004{col 62}{space 4} 165.4337{col 75}{space 3}  838.492
{txt}{space 15}1958  {c |}{col 22}{res}{space 2} 688.1317{col 34}{space 2} 155.4455{col 45}{space 1}    4.43{col 54}{space 3}0.000{col 62}{space 4} 381.8525{col 75}{space 3} 994.4108
{txt}{space 15}1959  {c |}{col 22}{res}{space 2} 1004.374{col 34}{space 2} 168.5207{col 45}{space 1}    5.96{col 54}{space 3}0.000{col 62}{space 4} 672.3321{col 75}{space 3} 1336.416
{txt}{space 15}1960  {c |}{col 22}{res}{space 2} 717.7332{col 34}{space 2} 184.8408{col 45}{space 1}    3.88{col 54}{space 3}0.000{col 62}{space 4} 353.5355{col 75}{space 3} 1081.931
{txt}{space 15}1961  {c |}{col 22}{res}{space 2} 827.9867{col 34}{space 2} 183.3014{col 45}{space 1}    4.52{col 54}{space 3}0.000{col 62}{space 4} 466.8221{col 75}{space 3} 1189.151
{txt}{space 15}1962  {c |}{col 22}{res}{space 2} 950.3171{col 34}{space 2} 166.4116{col 45}{space 1}    5.71{col 54}{space 3}0.000{col 62}{space 4}  622.431{col 75}{space 3} 1278.203
{txt}{space 15}1963  {c |}{col 22}{res}{space 2} 913.4825{col 34}{space 2} 189.9611{col 45}{space 1}    4.81{col 54}{space 3}0.000{col 62}{space 4} 539.1962{col 75}{space 3} 1287.769
{txt}{space 15}1964  {c |}{col 22}{res}{space 2} 1096.958{col 34}{space 2}  192.056{col 45}{space 1}    5.71{col 54}{space 3}0.000{col 62}{space 4}  718.544{col 75}{space 3} 1475.372
{txt}{space 15}1965  {c |}{col 22}{res}{space 2} 1086.222{col 34}{space 2} 192.4424{col 45}{space 1}    5.64{col 54}{space 3}0.000{col 62}{space 4} 707.0464{col 75}{space 3} 1465.397
{txt}{space 15}1966  {c |}{col 22}{res}{space 2}  1111.88{col 34}{space 2}  204.728{col 45}{space 1}    5.43{col 54}{space 3}0.000{col 62}{space 4} 708.4981{col 75}{space 3} 1515.262
{txt}{space 15}1967  {c |}{col 22}{res}{space 2} 1144.365{col 34}{space 2} 210.5476{col 45}{space 1}    5.44{col 54}{space 3}0.000{col 62}{space 4} 729.5162{col 75}{space 3} 1559.213
{txt}{space 15}1968  {c |}{col 22}{res}{space 2} 1214.558{col 34}{space 2} 227.3002{col 45}{space 1}    5.34{col 54}{space 3}0.000{col 62}{space 4}  766.701{col 75}{space 3} 1662.414
{txt}{space 15}1969  {c |}{col 22}{res}{space 2} 1221.577{col 34}{space 2} 243.0362{col 45}{space 1}    5.03{col 54}{space 3}0.000{col 62}{space 4} 742.7149{col 75}{space 3} 1700.439
{txt}{space 15}1970  {c |}{col 22}{res}{space 2} 1011.154{col 34}{space 2} 257.1058{col 45}{space 1}    3.93{col 54}{space 3}0.000{col 62}{space 4}   504.57{col 75}{space 3} 1517.738
{txt}{space 15}1971  {c |}{col 22}{res}{space 2} 1184.881{col 34}{space 2} 255.2087{col 45}{space 1}    4.64{col 54}{space 3}0.000{col 62}{space 4} 682.0352{col 75}{space 3} 1687.727
{txt}{space 15}1972  {c |}{col 22}{res}{space 2}  1566.41{col 34}{space 2} 271.2952{col 45}{space 1}    5.77{col 54}{space 3}0.000{col 62}{space 4} 1031.868{col 75}{space 3} 2100.951
{txt}{space 15}1973  {c |}{col 22}{res}{space 2} 1401.026{col 34}{space 2} 297.5159{col 45}{space 1}    4.71{col 54}{space 3}0.000{col 62}{space 4} 814.8212{col 75}{space 3} 1987.231
{txt}{space 15}1974  {c |}{col 22}{res}{space 2} 713.0388{col 34}{space 2} 299.4662{col 45}{space 1}    2.38{col 54}{space 3}0.018{col 62}{space 4} 122.9911{col 75}{space 3} 1303.087
{txt}{space 15}1975  {c |}{col 22}{res}{space 2} 777.3977{col 34}{space 2}  312.901{col 45}{space 1}    2.48{col 54}{space 3}0.014{col 62}{space 4} 160.8789{col 75}{space 3} 1393.916
{txt}{space 15}1976  {c |}{col 22}{res}{space 2} 1479.264{col 34}{space 2} 308.9587{col 45}{space 1}    4.79{col 54}{space 3}0.000{col 62}{space 4}  870.513{col 75}{space 3} 2088.015
{txt}{space 15}1977  {c |}{col 22}{res}{space 2} 1302.361{col 34}{space 2} 351.8815{col 45}{space 1}    3.70{col 54}{space 3}0.000{col 62}{space 4} 609.0378{col 75}{space 3} 1995.684
{txt}{space 15}1978  {c |}{col 22}{res}{space 2} 1430.716{col 34}{space 2} 366.4226{col 45}{space 1}    3.90{col 54}{space 3}0.000{col 62}{space 4} 708.7419{col 75}{space 3}  2152.69
{txt}{space 15}1979  {c |}{col 22}{res}{space 2} 966.2239{col 34}{space 2} 336.7502{col 45}{space 1}    2.87{col 54}{space 3}0.004{col 62}{space 4} 302.7142{col 75}{space 3} 1629.734
{txt}{space 15}1980  {c |}{col 22}{res}{space 2} 868.6548{col 34}{space 2}  355.558{col 45}{space 1}    2.44{col 54}{space 3}0.015{col 62}{space 4} 168.0876{col 75}{space 3} 1569.222
{txt}{space 15}1981  {c |}{col 22}{res}{space 2} 1295.714{col 34}{space 2} 381.9378{col 45}{space 1}    3.39{col 54}{space 3}0.001{col 62}{space 4} 543.1694{col 75}{space 3} 2048.258
{txt}{space 15}1982  {c |}{col 22}{res}{space 2} 1140.103{col 34}{space 2} 377.7158{col 45}{space 1}    3.02{col 54}{space 3}0.003{col 62}{space 4} 395.8775{col 75}{space 3} 1884.328
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} 1472.214{col 34}{space 2} 346.1056{col 45}{space 1}    4.25{col 54}{space 3}0.000{col 62}{space 4} 790.2709{col 75}{space 3} 2154.157
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 1719.647{col 34}{space 2}  368.668{col 45}{space 1}    4.66{col 54}{space 3}0.000{col 62}{space 4} 993.2492{col 75}{space 3} 2446.046
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 1408.695{col 34}{space 2} 386.3426{col 45}{space 1}    3.65{col 54}{space 3}0.000{col 62}{space 4} 647.4718{col 75}{space 3} 2169.918
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 1410.906{col 34}{space 2} 317.5449{col 45}{space 1}    4.44{col 54}{space 3}0.000{col 62}{space 4} 785.2373{col 75}{space 3} 2036.575
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 1288.452{col 34}{space 2} 347.9778{col 45}{space 1}    3.70{col 54}{space 3}0.000{col 62}{space 4} 602.8208{col 75}{space 3} 1974.084
{txt}{space 15}1988  {c |}{col 22}{res}{space 2}   1560.3{col 34}{space 2} 403.1021{col 45}{space 1}    3.87{col 54}{space 3}0.000{col 62}{space 4} 766.0549{col 75}{space 3} 2354.545
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 1474.827{col 34}{space 2} 418.1918{col 45}{space 1}    3.53{col 54}{space 3}0.001{col 62}{space 4} 650.8507{col 75}{space 3} 2298.804
{txt}{space 15}1990  {c |}{col 22}{res}{space 2} 1126.912{col 34}{space 2} 468.4713{col 45}{space 1}    2.41{col 54}{space 3}0.017{col 62}{space 4}  203.868{col 75}{space 3} 2049.956
{txt}{space 15}1991  {c |}{col 22}{res}{space 2} 1101.976{col 34}{space 2} 437.7494{col 45}{space 1}    2.52{col 54}{space 3}0.013{col 62}{space 4} 239.4648{col 75}{space 3} 1964.488
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 1647.946{col 34}{space 2} 436.2217{col 45}{space 1}    3.78{col 54}{space 3}0.000{col 62}{space 4} 788.4442{col 75}{space 3} 2507.447
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 1430.312{col 34}{space 2} 446.4475{col 45}{space 1}    3.20{col 54}{space 3}0.002{col 62}{space 4} 550.6621{col 75}{space 3} 2309.962
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 1441.522{col 34}{space 2}  466.586{col 45}{space 1}    3.09{col 54}{space 3}0.002{col 62}{space 4} 522.1927{col 75}{space 3} 2360.851
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 1499.114{col 34}{space 2}  419.666{col 45}{space 1}    3.57{col 54}{space 3}0.000{col 62}{space 4} 672.2332{col 75}{space 3} 2325.996
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 1547.291{col 34}{space 2} 438.7278{col 45}{space 1}    3.53{col 54}{space 3}0.001{col 62}{space 4} 682.8519{col 75}{space 3} 2411.731
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 1670.563{col 34}{space 2} 457.3852{col 45}{space 1}    3.65{col 54}{space 3}0.000{col 62}{space 4}  769.362{col 75}{space 3} 2571.763
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 1952.543{col 34}{space 2} 440.5127{col 45}{space 1}    4.43{col 54}{space 3}0.000{col 62}{space 4} 1084.586{col 75}{space 3} 2820.499
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 1547.388{col 34}{space 2} 461.6078{col 45}{space 1}    3.35{col 54}{space 3}0.001{col 62}{space 4} 637.8674{col 75}{space 3} 2456.908
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 1880.162{col 34}{space 2} 470.0671{col 45}{space 1}    4.00{col 54}{space 3}0.000{col 62}{space 4} 953.9736{col 75}{space 3}  2806.35
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 1398.348{col 34}{space 2} 466.7948{col 45}{space 1}    3.00{col 54}{space 3}0.003{col 62}{space 4} 478.6075{col 75}{space 3} 2318.089
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 1316.374{col 34}{space 2}  507.739{col 45}{space 1}    2.59{col 54}{space 3}0.010{col 62}{space 4} 315.9593{col 75}{space 3} 2316.788
{txt}{space 15}2003  {c |}{col 22}{res}{space 2}  1551.97{col 34}{space 2} 491.5239{col 45}{space 1}    3.16{col 54}{space 3}0.002{col 62}{space 4} 583.5048{col 75}{space 3} 2520.435
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 1935.435{col 34}{space 2}  529.413{col 45}{space 1}    3.66{col 54}{space 3}0.000{col 62}{space 4}  892.316{col 75}{space 3} 2978.555
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 1811.455{col 34}{space 2} 543.8256{col 45}{space 1}    3.33{col 54}{space 3}0.001{col 62}{space 4} 739.9381{col 75}{space 3} 2882.972
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 1799.341{col 34}{space 2} 531.6429{col 45}{space 1}    3.38{col 54}{space 3}0.001{col 62}{space 4} 751.8277{col 75}{space 3} 2846.854
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 1648.221{col 34}{space 2} 523.1594{col 45}{space 1}    3.15{col 54}{space 3}0.002{col 62}{space 4} 617.4231{col 75}{space 3} 2679.018
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 1364.005{col 34}{space 2} 587.2304{col 45}{space 1}    2.32{col 54}{space 3}0.021{col 62}{space 4} 206.9661{col 75}{space 3} 2521.043
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} 617.6327{col 34}{space 2} 545.7271{col 45}{space 1}    1.13{col 54}{space 3}0.259{col 62}{space 4}-457.6307{col 75}{space 3} 1692.896
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 1804.076{col 34}{space 2} 577.7109{col 45}{space 1}    3.12{col 54}{space 3}0.002{col 62}{space 4} 665.7938{col 75}{space 3} 2942.358
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 1345.996{col 34}{space 2} 830.6272{col 45}{space 1}    1.62{col 54}{space 3}0.107{col 62}{space 4}-290.6153{col 75}{space 3} 2982.607
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallfull if newsouth==1
{txt}(option xb assumed; fitted values)
(3,014 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   230) ={res}    3.88
{txt}{col 13}Prob > F ={res}    0.0500
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   230) ={res}    2.15
{txt}{col 13}Prob > F ={res}    0.1190
{txt}
{com}. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  4,   230) ={res}    0.53
{txt}{col 13}Prob > F ={res}    0.7114
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.646449{col 26}{space 2} 5.697661{col 37}{space 1}    1.34{col 46}{space 3}0.181{col 54}{space 4}-3.579834{col 67}{space 3} 18.87273
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney    + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.604657{col 26}{space 2} 5.655965{col 37}{space 1}    1.34{col 46}{space 3}0.180{col 54}{space 4} -3.53947{col 67}{space 3} 18.74878
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}  5.31564{col 26}{space 2} 41.70452{col 37}{space 1}    0.13{col 46}{space 3}0.899{col 54}{space 4}-76.42372{col 67}{space 3}   87.055
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 5.054318{col 26}{space 2} 41.31352{col 37}{space 1}    0.12{col 46}{space 3}0.903{col 54}{space 4}-75.91869{col 67}{space 3} 86.02732
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. //(4,3)  MODEL
. 
. 
. 
. 
. *** III.B: NEW SOUTH STATES (N = 5): PRE-PARTISAN ALIGNMENT TIME PERIOD (1942 - 1980) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year <=1980 & newsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       175{col 27}-1227.273{col 38}-1006.551{col 49}    61{col 58} 2135.102{col 69} 2328.154
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq  l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year <=1980 & newsouth==1, lag(6) force
{txt}note: L.dem_unified omitted because of collinearity
note: LD.dem_unified omitted because of collinearity
note: L.rep_unified omitted because of collinearity
note: LD.rep_unified omitted because of collinearity

Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       175
{txt}maximum lag: {res}6{col 49}{txt}F( 60,       114){col 67}= {res}    125.26
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.2396117{col 34}{space 2} .0567939{col 45}{space 1}   -4.22{col 54}{space 3}0.000{col 62}{space 4}  -.35212{col 75}{space 3}-.1271035
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 11.87373{col 34}{space 2} 3.945159{col 45}{space 1}    3.01{col 54}{space 3}0.003{col 62}{space 4} 4.058397{col 75}{space 3} 19.68906
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0937806{col 34}{space 2} .0433214{col 45}{space 1}   -2.16{col 54}{space 3}0.032{col 62}{space 4}-.1795999{col 75}{space 3}-.0079612
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .3240355{col 34}{space 2} .1360671{col 45}{space 1}    2.38{col 54}{space 3}0.019{col 62}{space 4} .0544877{col 75}{space 3} .5935833
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} 4.550876{col 34}{space 2} 3.393524{col 45}{space 1}    1.34{col 54}{space 3}0.183{col 62}{space 4}-2.171669{col 75}{space 3} 11.27342
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-.0246326{col 34}{space 2}  .037683{col 45}{space 1}   -0.65{col 54}{space 3}0.515{col 62}{space 4}-.0992823{col 75}{space 3} .0500172
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.1037404{col 34}{space 2} .0812615{col 45}{space 1}   -1.28{col 54}{space 3}0.204{col 62}{space 4}-.2647188{col 75}{space 3} .0572381
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-6.396647{col 34}{space 2} 3.623473{col 45}{space 1}   -1.77{col 54}{space 3}0.080{col 62}{space 4}-13.57472{col 75}{space 3} .7814255
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .0641194{col 34}{space 2} .0468471{col 45}{space 1}    1.37{col 54}{space 3}0.174{col 62}{space 4}-.0286843{col 75}{space 3} .1569231
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2} .0076179{col 34}{space 2} .1091616{col 45}{space 1}    0.07{col 54}{space 3}0.944{col 62}{space 4}-.2086304{col 75}{space 3} .2238662
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.2022568{col 34}{space 2} 2.743034{col 45}{space 1}   -0.07{col 54}{space 3}0.941{col 62}{space 4}-5.636186{col 75}{space 3} 5.231673
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.0015793{col 34}{space 2} .0313865{col 45}{space 1}   -0.05{col 54}{space 3}0.960{col 62}{space 4}-.0637558{col 75}{space 3} .0605972
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 58.41116{col 34}{space 2} 343.3677{col 45}{space 1}    0.17{col 54}{space 3}0.865{col 62}{space 4}-621.7977{col 75}{space 3}   738.62
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-172.6279{col 34}{space 2} 346.9482{col 45}{space 1}   -0.50{col 54}{space 3}0.620{col 62}{space 4}-859.9296{col 75}{space 3} 514.6739
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-9.609008{col 34}{space 2} 107.7652{col 45}{space 1}   -0.09{col 54}{space 3}0.929{col 62}{space 4}-223.0911{col 75}{space 3} 203.8731
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 277.7565{col 34}{space 2} 65.31759{col 45}{space 1}    4.25{col 54}{space 3}0.000{col 62}{space 4} 148.3629{col 75}{space 3} 407.1501
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 874.7825{col 34}{space 2} 403.9713{col 45}{space 1}    2.17{col 54}{space 3}0.032{col 62}{space 4} 74.51842{col 75}{space 3} 1675.047
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-2438.546{col 34}{space 2} 1820.564{col 45}{space 1}   -1.34{col 54}{space 3}0.183{col 62}{space 4}-6045.068{col 75}{space 3} 1167.977
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-476.2879{col 34}{space 2}  852.429{col 45}{space 1}   -0.56{col 54}{space 3}0.577{col 62}{space 4}-2164.943{col 75}{space 3} 1212.367
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 5107.208{col 34}{space 2} 1385.559{col 45}{space 1}    3.69{col 54}{space 3}0.000{col 62}{space 4} 2362.427{col 75}{space 3} 7851.989
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} -98.9739{col 34}{space 2} 46.20516{col 45}{space 1}   -2.14{col 54}{space 3}0.034{col 62}{space 4} -190.506{col 75}{space 3}-7.441828
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 56.21055{col 34}{space 2} 63.19949{col 45}{space 1}    0.89{col 54}{space 3}0.376{col 62}{space 4}-68.98715{col 75}{space 3} 181.4083
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 17}LD. {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 17}LD. {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 20} {c |}
{space 10}state_fips {c |}
{space 17}13  {c |}{col 22}{res}{space 2}-250.5327{col 34}{space 2} 65.78581{col 45}{space 1}   -3.81{col 54}{space 3}0.000{col 62}{space 4}-380.8538{col 75}{space 3}-120.2115
{txt}{space 17}37  {c |}{col 22}{res}{space 2}-336.4344{col 34}{space 2} 81.32068{col 45}{space 1}   -4.14{col 54}{space 3}0.000{col 62}{space 4}  -497.53{col 75}{space 3}-175.3387
{txt}{space 17}48  {c |}{col 22}{res}{space 2} 20.77921{col 34}{space 2} 116.3431{col 45}{space 1}    0.18{col 54}{space 3}0.859{col 62}{space 4}-209.6956{col 75}{space 3}  251.254
{txt}{space 17}51  {c |}{col 22}{res}{space 2} 4.797039{col 34}{space 2} 50.49998{col 45}{space 1}    0.09{col 54}{space 3}0.924{col 62}{space 4}-95.24303{col 75}{space 3} 104.8371
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1947  {c |}{col 22}{res}{space 2} 34.11355{col 34}{space 2} 173.3366{col 45}{space 1}    0.20{col 54}{space 3}0.844{col 62}{space 4}-309.2649{col 75}{space 3}  377.492
{txt}{space 15}1948  {c |}{col 22}{res}{space 2} 157.3183{col 34}{space 2} 176.6768{col 45}{space 1}    0.89{col 54}{space 3}0.375{col 62}{space 4} -192.677{col 75}{space 3} 507.3136
{txt}{space 15}1949  {c |}{col 22}{res}{space 2} 165.2162{col 34}{space 2} 159.7549{col 45}{space 1}    1.03{col 54}{space 3}0.303{col 62}{space 4} -151.257{col 75}{space 3} 481.6895
{txt}{space 15}1950  {c |}{col 22}{res}{space 2} 578.6364{col 34}{space 2} 165.5102{col 45}{space 1}    3.50{col 54}{space 3}0.001{col 62}{space 4}  250.762{col 75}{space 3} 906.5109
{txt}{space 15}1951  {c |}{col 22}{res}{space 2} 317.0709{col 34}{space 2} 137.7835{col 45}{space 1}    2.30{col 54}{space 3}0.023{col 62}{space 4} 44.12293{col 75}{space 3} 590.0189
{txt}{space 15}1952  {c |}{col 22}{res}{space 2} 528.3461{col 34}{space 2} 145.2828{col 45}{space 1}    3.64{col 54}{space 3}0.000{col 62}{space 4}  240.542{col 75}{space 3} 816.1501
{txt}{space 15}1953  {c |}{col 22}{res}{space 2} 375.1662{col 34}{space 2} 114.3451{col 45}{space 1}    3.28{col 54}{space 3}0.001{col 62}{space 4} 148.6495{col 75}{space 3}  601.683
{txt}{space 15}1954  {c |}{col 22}{res}{space 2}  385.078{col 34}{space 2}  105.386{col 45}{space 1}    3.65{col 54}{space 3}0.000{col 62}{space 4} 176.3091{col 75}{space 3} 593.8469
{txt}{space 15}1955  {c |}{col 22}{res}{space 2} 781.8953{col 34}{space 2} 118.6265{col 45}{space 1}    6.59{col 54}{space 3}0.000{col 62}{space 4} 546.8971{col 75}{space 3} 1016.894
{txt}{space 15}1956  {c |}{col 22}{res}{space 2} 629.8494{col 34}{space 2} 117.5062{col 45}{space 1}    5.36{col 54}{space 3}0.000{col 62}{space 4} 397.0705{col 75}{space 3} 862.6284
{txt}{space 15}1957  {c |}{col 22}{res}{space 2} 409.6404{col 34}{space 2} 139.8665{col 45}{space 1}    2.93{col 54}{space 3}0.004{col 62}{space 4} 132.5659{col 75}{space 3}  686.715
{txt}{space 15}1958  {c |}{col 22}{res}{space 2} 574.3455{col 34}{space 2} 129.4616{col 45}{space 1}    4.44{col 54}{space 3}0.000{col 62}{space 4}  317.883{col 75}{space 3} 830.8079
{txt}{space 15}1959  {c |}{col 22}{res}{space 2} 847.7921{col 34}{space 2} 143.7239{col 45}{space 1}    5.90{col 54}{space 3}0.000{col 62}{space 4} 563.0762{col 75}{space 3} 1132.508
{txt}{space 15}1960  {c |}{col 22}{res}{space 2} 544.7681{col 34}{space 2}   134.43{col 45}{space 1}    4.05{col 54}{space 3}0.000{col 62}{space 4} 278.4634{col 75}{space 3} 811.0729
{txt}{space 15}1961  {c |}{col 22}{res}{space 2} 773.7141{col 34}{space 2} 150.0701{col 45}{space 1}    5.16{col 54}{space 3}0.000{col 62}{space 4} 476.4263{col 75}{space 3} 1071.002
{txt}{space 15}1962  {c |}{col 22}{res}{space 2} 868.6791{col 34}{space 2} 139.6258{col 45}{space 1}    6.22{col 54}{space 3}0.000{col 62}{space 4} 592.0814{col 75}{space 3} 1145.277
{txt}{space 15}1963  {c |}{col 22}{res}{space 2} 840.1657{col 34}{space 2} 148.3084{col 45}{space 1}    5.66{col 54}{space 3}0.000{col 62}{space 4} 546.3679{col 75}{space 3} 1133.963
{txt}{space 15}1964  {c |}{col 22}{res}{space 2} 1057.968{col 34}{space 2} 154.3409{col 45}{space 1}    6.85{col 54}{space 3}0.000{col 62}{space 4} 752.2201{col 75}{space 3} 1363.716
{txt}{space 15}1965  {c |}{col 22}{res}{space 2} 1080.313{col 34}{space 2}  156.445{col 45}{space 1}    6.91{col 54}{space 3}0.000{col 62}{space 4} 770.3968{col 75}{space 3}  1390.23
{txt}{space 15}1966  {c |}{col 22}{res}{space 2} 1181.769{col 34}{space 2} 170.5439{col 45}{space 1}    6.93{col 54}{space 3}0.000{col 62}{space 4} 843.9228{col 75}{space 3} 1519.615
{txt}{space 15}1967  {c |}{col 22}{res}{space 2} 1239.226{col 34}{space 2} 184.3905{col 45}{space 1}    6.72{col 54}{space 3}0.000{col 62}{space 4} 873.9498{col 75}{space 3} 1604.502
{txt}{space 15}1968  {c |}{col 22}{res}{space 2} 1338.123{col 34}{space 2} 196.7493{col 45}{space 1}    6.80{col 54}{space 3}0.000{col 62}{space 4} 948.3646{col 75}{space 3} 1727.882
{txt}{space 15}1969  {c |}{col 22}{res}{space 2} 1390.652{col 34}{space 2} 215.7553{col 45}{space 1}    6.45{col 54}{space 3}0.000{col 62}{space 4} 963.2421{col 75}{space 3} 1818.061
{txt}{space 15}1970  {c |}{col 22}{res}{space 2} 1235.142{col 34}{space 2} 220.2168{col 45}{space 1}    5.61{col 54}{space 3}0.000{col 62}{space 4} 798.8942{col 75}{space 3}  1671.39
{txt}{space 15}1971  {c |}{col 22}{res}{space 2} 1450.147{col 34}{space 2} 239.4613{col 45}{space 1}    6.06{col 54}{space 3}0.000{col 62}{space 4} 975.7759{col 75}{space 3} 1924.518
{txt}{space 15}1972  {c |}{col 22}{res}{space 2} 1791.893{col 34}{space 2}  252.138{col 45}{space 1}    7.11{col 54}{space 3}0.000{col 62}{space 4}  1292.41{col 75}{space 3} 2291.376
{txt}{space 15}1973  {c |}{col 22}{res}{space 2} 1690.376{col 34}{space 2} 273.2344{col 45}{space 1}    6.19{col 54}{space 3}0.000{col 62}{space 4} 1149.101{col 75}{space 3} 2231.652
{txt}{space 15}1974  {c |}{col 22}{res}{space 2} 1207.896{col 34}{space 2}  280.756{col 45}{space 1}    4.30{col 54}{space 3}0.000{col 62}{space 4} 651.7207{col 75}{space 3} 1764.072
{txt}{space 15}1975  {c |}{col 22}{res}{space 2} 1314.091{col 34}{space 2}  316.931{col 45}{space 1}    4.15{col 54}{space 3}0.000{col 62}{space 4} 686.2526{col 75}{space 3} 1941.928
{txt}{space 15}1976  {c |}{col 22}{res}{space 2} 1813.948{col 34}{space 2} 302.6698{col 45}{space 1}    5.99{col 54}{space 3}0.000{col 62}{space 4} 1214.362{col 75}{space 3} 2413.535
{txt}{space 15}1977  {c |}{col 22}{res}{space 2} 1654.287{col 34}{space 2}  343.345{col 45}{space 1}    4.82{col 54}{space 3}0.000{col 62}{space 4}  974.123{col 75}{space 3} 2334.451
{txt}{space 15}1978  {c |}{col 22}{res}{space 2}  2017.27{col 34}{space 2} 349.1552{col 45}{space 1}    5.78{col 54}{space 3}0.000{col 62}{space 4} 1325.596{col 75}{space 3} 2708.944
{txt}{space 15}1979  {c |}{col 22}{res}{space 2} 1583.117{col 34}{space 2} 348.6647{col 45}{space 1}    4.54{col 54}{space 3}0.000{col 62}{space 4} 892.4152{col 75}{space 3}  2273.82
{txt}{space 15}1980  {c |}{col 22}{res}{space 2} 1572.741{col 34}{space 2} 397.7891{col 45}{space 1}    3.95{col 54}{space 3}0.000{col 62}{space 4} 784.7239{col 75}{space 3} 2360.758
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 1324.922{col 34}{space 2} 834.5911{col 45}{space 1}    1.59{col 54}{space 3}0.115{col 62}{space 4}-328.3963{col 75}{space 3} 2978.241
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpre if year<=1980 & newsouth==1
{txt}(option xb assumed; fitted values)
(3,164 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   114) ={res}   17.80
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   114) ={res}    9.55
{txt}{col 13}Prob > F ={res}    0.0001
{txt}
{com}. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  4,   114) ={res}    1.21
{txt}{col 13}Prob > F ={res}    0.3089
{txt}
{com}. 
. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.048027{col 26}{space 2} 5.014541{col 37}{space 1}   -0.41{col 46}{space 3}0.684{col 54}{space 4}-11.98179{col 67}{space 3} 7.885739
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney    + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -2.01012{col 26}{space 2} 4.970127{col 37}{space 1}   -0.40{col 46}{space 3}0.687{col 54}{space 4} -11.8559{col 67}{space 3} 7.835663
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 49.55403{col 26}{space 2} 15.01358{col 37}{space 1}    3.30{col 46}{space 3}0.001{col 54}{space 4} 20.12795{col 67}{space 3}  78.9801
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 49.16264{col 26}{space 2} 14.84432{col 37}{space 1}    3.31{col 46}{space 3}0.001{col 54}{space 4}  20.0683{col 67}{space 3} 78.25698
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. //(4,3)  MODEL
. 
. 
. 
. 
. *** III.C: NEW SOUTH STATES (N = 5): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year >1980 & newsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       150{col 27}-1087.132{col 38}-941.0575{col 49}    60{col 58} 2002.115{col 69} 2182.753
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year >1980 & newsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       150
{txt}maximum lag: {res}5{col 49}{txt}F( 59,        90){col 67}= {res}     95.75
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.1684726{col 34}{space 2} .0546747{col 45}{space 1}   -3.08{col 54}{space 3}0.003{col 62}{space 4}-.2770934{col 75}{space 3}-.0598519
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-7.198956{col 34}{space 2} 6.713922{col 45}{space 1}   -1.07{col 54}{space 3}0.286{col 62}{space 4}-20.53733{col 75}{space 3} 6.139421
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} .0141037{col 34}{space 2} .0531587{col 45}{space 1}    0.27{col 54}{space 3}0.791{col 62}{space 4}-.0915052{col 75}{space 3} .1197126
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .0436906{col 34}{space 2} .1176416{col 45}{space 1}    0.37{col 54}{space 3}0.711{col 62}{space 4} -.190025{col 75}{space 3} .2774063
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-4.923161{col 34}{space 2} 6.300333{col 45}{space 1}   -0.78{col 54}{space 3}0.437{col 62}{space 4}-17.43987{col 75}{space 3}  7.59355
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} .0323172{col 34}{space 2} .0458207{col 45}{space 1}    0.71{col 54}{space 3}0.482{col 62}{space 4}-.0587136{col 75}{space 3} .1233479
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .2394379{col 34}{space 2} .1014333{col 45}{space 1}    2.36{col 54}{space 3}0.020{col 62}{space 4}  .037923{col 75}{space 3} .4409528
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-4.907036{col 34}{space 2}  7.33381{col 45}{space 1}   -0.67{col 54}{space 3}0.505{col 62}{space 4}-19.47693{col 75}{space 3} 9.662858
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .0591232{col 34}{space 2} .0569646{col 45}{space 1}    1.04{col 54}{space 3}0.302{col 62}{space 4}-.0540468{col 75}{space 3} .1722933
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}  .067332{col 34}{space 2} .1574061{col 45}{space 1}    0.43{col 54}{space 3}0.670{col 62}{space 4}-.2453826{col 75}{space 3} .3800467
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-2.637718{col 34}{space 2}  7.18181{col 45}{space 1}   -0.37{col 54}{space 3}0.714{col 62}{space 4}-16.90564{col 75}{space 3}  11.6302
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .0304557{col 34}{space 2} .0492055{col 45}{space 1}    0.62{col 54}{space 3}0.538{col 62}{space 4}-.0672996{col 75}{space 3}  .128211
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 50.77616{col 34}{space 2} 1410.401{col 45}{space 1}    0.04{col 54}{space 3}0.971{col 62}{space 4}-2751.231{col 75}{space 3} 2852.784
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-1453.261{col 34}{space 2} 2406.469{col 45}{space 1}   -0.60{col 54}{space 3}0.547{col 62}{space 4}-6234.133{col 75}{space 3}  3327.61
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 14.09335{col 34}{space 2} 106.2892{col 45}{space 1}    0.13{col 54}{space 3}0.895{col 62}{space 4}-197.0687{col 75}{space 3} 225.2554
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-202.7658{col 34}{space 2} 97.27421{col 45}{space 1}   -2.08{col 54}{space 3}0.040{col 62}{space 4} -396.018{col 75}{space 3}-9.513611
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 2406.005{col 34}{space 2}  1689.53{col 45}{space 1}    1.42{col 54}{space 3}0.158{col 62}{space 4}-950.5407{col 75}{space 3}  5762.55
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-3339.701{col 34}{space 2}  2662.63{col 45}{space 1}   -1.25{col 54}{space 3}0.213{col 62}{space 4}-8629.481{col 75}{space 3} 1950.079
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-32824.97{col 34}{space 2} 11724.11{col 45}{space 1}   -2.80{col 54}{space 3}0.006{col 62}{space 4}-56116.97{col 75}{space 3}-9532.976
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}  17635.3{col 34}{space 2} 8364.192{col 45}{space 1}    2.11{col 54}{space 3}0.038{col 62}{space 4} 1018.369{col 75}{space 3} 34252.22
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 65.21387{col 34}{space 2} 61.89453{col 45}{space 1}    1.05{col 54}{space 3}0.295{col 62}{space 4}-57.75041{col 75}{space 3} 188.1782
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 70.45385{col 34}{space 2} 74.97921{col 45}{space 1}    0.94{col 54}{space 3}0.350{col 62}{space 4}-78.50545{col 75}{space 3} 219.4131
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-147.8557{col 34}{space 2} 82.03843{col 45}{space 1}   -1.80{col 54}{space 3}0.075{col 62}{space 4}-310.8394{col 75}{space 3} 15.12791
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 4.656158{col 34}{space 2} 87.22292{col 45}{space 1}    0.05{col 54}{space 3}0.958{col 62}{space 4}-168.6274{col 75}{space 3} 177.9397
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-60.14141{col 34}{space 2} 94.71592{col 45}{space 1}   -0.63{col 54}{space 3}0.527{col 62}{space 4}-248.3111{col 75}{space 3} 128.0283
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}  27.8291{col 34}{space 2} 91.58741{col 45}{space 1}    0.30{col 54}{space 3}0.762{col 62}{space 4}-154.1253{col 75}{space 3} 209.7835
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 17}13  {c |}{col 22}{res}{space 2}-339.1066{col 34}{space 2} 110.2355{col 45}{space 1}   -3.08{col 54}{space 3}0.003{col 62}{space 4}-558.1087{col 75}{space 3}-120.1045
{txt}{space 17}37  {c |}{col 22}{res}{space 2}-443.8961{col 34}{space 2} 121.8885{col 45}{space 1}   -3.64{col 54}{space 3}0.000{col 62}{space 4}-686.0489{col 75}{space 3}-201.7434
{txt}{space 17}48  {c |}{col 22}{res}{space 2}-137.4394{col 34}{space 2} 77.30525{col 45}{space 1}   -1.78{col 54}{space 3}0.079{col 62}{space 4}-291.0198{col 75}{space 3} 16.14094
{txt}{space 17}51  {c |}{col 22}{res}{space 2}  484.617{col 34}{space 2} 140.6704{col 45}{space 1}    3.45{col 54}{space 3}0.001{col 62}{space 4} 205.1506{col 75}{space 3} 764.0833
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1982  {c |}{col 22}{res}{space 2}-36.39422{col 34}{space 2} 157.7858{col 45}{space 1}   -0.23{col 54}{space 3}0.818{col 62}{space 4}-349.8632{col 75}{space 3} 277.0748
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} 206.0858{col 34}{space 2}   197.56{col 45}{space 1}    1.04{col 54}{space 3}0.300{col 62}{space 4}-186.4017{col 75}{space 3} 598.5732
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 557.1091{col 34}{space 2} 170.6961{col 45}{space 1}    3.26{col 54}{space 3}0.002{col 62}{space 4} 217.9916{col 75}{space 3} 896.2267
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 352.9478{col 34}{space 2} 247.8323{col 45}{space 1}    1.42{col 54}{space 3}0.158{col 62}{space 4}-139.4144{col 75}{space 3}   845.31
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 376.0035{col 34}{space 2} 203.5224{col 45}{space 1}    1.85{col 54}{space 3}0.068{col 62}{space 4}-28.32924{col 75}{space 3} 780.3362
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 335.1482{col 34}{space 2} 181.8014{col 45}{space 1}    1.84{col 54}{space 3}0.069{col 62}{space 4}-26.03203{col 75}{space 3} 696.3285
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 589.2715{col 34}{space 2} 223.8724{col 45}{space 1}    2.63{col 54}{space 3}0.010{col 62}{space 4} 144.5099{col 75}{space 3} 1034.033
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 543.2789{col 34}{space 2} 259.5198{col 45}{space 1}    2.09{col 54}{space 3}0.039{col 62}{space 4} 27.69759{col 75}{space 3}  1058.86
{txt}{space 15}1990  {c |}{col 22}{res}{space 2} 177.1911{col 34}{space 2} 287.4409{col 45}{space 1}    0.62{col 54}{space 3}0.539{col 62}{space 4}-393.8605{col 75}{space 3} 748.2426
{txt}{space 15}1991  {c |}{col 22}{res}{space 2} 80.66469{col 34}{space 2} 237.3951{col 45}{space 1}    0.34{col 54}{space 3}0.735{col 62}{space 4}-390.9621{col 75}{space 3} 552.2914
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 582.5155{col 34}{space 2} 266.8019{col 45}{space 1}    2.18{col 54}{space 3}0.032{col 62}{space 4} 52.46697{col 75}{space 3} 1112.564
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 480.9324{col 34}{space 2} 363.9946{col 45}{space 1}    1.32{col 54}{space 3}0.190{col 62}{space 4}-242.2063{col 75}{space 3} 1204.071
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 499.5538{col 34}{space 2} 360.5212{col 45}{space 1}    1.39{col 54}{space 3}0.169{col 62}{space 4}-216.6845{col 75}{space 3} 1215.792
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 533.7989{col 34}{space 2}  340.746{col 45}{space 1}    1.57{col 54}{space 3}0.121{col 62}{space 4}-143.1526{col 75}{space 3}  1210.75
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 625.7776{col 34}{space 2} 363.6128{col 45}{space 1}    1.72{col 54}{space 3}0.089{col 62}{space 4}-96.60268{col 75}{space 3} 1348.158
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 784.6728{col 34}{space 2} 363.3137{col 45}{space 1}    2.16{col 54}{space 3}0.033{col 62}{space 4} 62.88663{col 75}{space 3} 1506.459
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 1141.279{col 34}{space 2}  395.242{col 45}{space 1}    2.89{col 54}{space 3}0.005{col 62}{space 4} 356.0615{col 75}{space 3} 1926.496
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 884.1894{col 34}{space 2} 437.5081{col 45}{space 1}    2.02{col 54}{space 3}0.046{col 62}{space 4} 15.00323{col 75}{space 3} 1753.376
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 1216.956{col 34}{space 2} 420.7868{col 45}{space 1}    2.89{col 54}{space 3}0.005{col 62}{space 4} 380.9894{col 75}{space 3} 2052.922
{txt}{space 15}2001  {c |}{col 22}{res}{space 2}  853.923{col 34}{space 2}  460.809{col 45}{space 1}    1.85{col 54}{space 3}0.067{col 62}{space 4}-61.55446{col 75}{space 3} 1769.401
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 688.7904{col 34}{space 2}  481.701{col 45}{space 1}    1.43{col 54}{space 3}0.156{col 62}{space 4}-268.1927{col 75}{space 3} 1645.773
{txt}{space 15}2003  {c |}{col 22}{res}{space 2} 931.2692{col 34}{space 2} 450.4164{col 45}{space 1}    2.07{col 54}{space 3}0.042{col 62}{space 4} 36.43836{col 75}{space 3}   1826.1
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 1372.086{col 34}{space 2} 494.7566{col 45}{space 1}    2.77{col 54}{space 3}0.007{col 62}{space 4} 389.1658{col 75}{space 3} 2355.007
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 1281.611{col 34}{space 2} 556.8375{col 45}{space 1}    2.30{col 54}{space 3}0.024{col 62}{space 4} 175.3558{col 75}{space 3} 2387.866
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 1251.879{col 34}{space 2} 535.0175{col 45}{space 1}    2.34{col 54}{space 3}0.022{col 62}{space 4} 188.9738{col 75}{space 3} 2314.785
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 1166.508{col 34}{space 2} 541.2185{col 45}{space 1}    2.16{col 54}{space 3}0.034{col 62}{space 4} 91.28286{col 75}{space 3} 2241.733
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 936.3329{col 34}{space 2} 647.4413{col 45}{space 1}    1.45{col 54}{space 3}0.152{col 62}{space 4}-349.9222{col 75}{space 3} 2222.588
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} 113.3801{col 34}{space 2} 494.0304{col 45}{space 1}    0.23{col 54}{space 3}0.819{col 62}{space 4}-868.0974{col 75}{space 3} 1094.858
{txt}{space 15}2010  {c |}{col 22}{res}{space 2}  1179.26{col 34}{space 2} 483.6497{col 45}{space 1}    2.44{col 54}{space 3}0.017{col 62}{space 4} 218.4059{col 75}{space 3} 2140.115
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 34655.36{col 34}{space 2} 11785.83{col 45}{space 1}    2.94{col 54}{space 3}0.004{col 62}{space 4} 11240.75{col 75}{space 3} 58069.97
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & newsouth==1
{txt}(option xb assumed; fitted values)
(3,189 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,    90) ={res}    9.49
{txt}{col 13}Prob > F ={res}    0.0027
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,    90) ={res}    6.12
{txt}{col 13}Prob > F ={res}    0.0032
{txt}
{com}. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  4,    90) ={res}    0.49
{txt}{col 13}Prob > F ={res}    0.7407
{txt}
{com}. 
. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-12.46791{col 26}{space 2} 13.80471{col 37}{space 1}   -0.90{col 46}{space 3}0.369{col 54}{space 4}-39.89339{col 67}{space 3} 14.95756
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney    + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-12.34602{col 26}{space 2} 13.71283{col 37}{space 1}   -0.90{col 46}{space 3}0.370{col 54}{space 4}-39.58895{col 67}{space 3} 14.89691
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-42.73072{col 26}{space 2} 44.49478{col 37}{space 1}   -0.96{col 46}{space 3}0.337{col 54}{space 4}-129.9389{col 67}{space 3} 44.47744
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-42.64701{col 26}{space 2} 44.19104{col 37}{space 1}   -0.97{col 46}{space 3}0.335{col 54}{space 4}-129.2598{col 67}{space 3} 43.96583
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. restore 
{txt}
{com}. 
. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. 
. preserve
{txt}
{com}. 
. 
. 
. 
. //(5,4) MODEL
. 
. 
. 
. 
. *** IV.A: OLD SOUTH STATES (N = 9): FULL TIME PERIOD (1942 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l4.d.real_pc_inc_ann l3.d.klarnerranney l3.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if oldsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       576{col 27}-3988.246{col 38}-3641.593{col 49}   101{col 58} 7485.186{col 69} 7925.152
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l4.d.real_pc_inc_ann l3.d.klarnerranney l3.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if oldsouth==1, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       576
{txt}maximum lag: {res}8{col 49}{txt}F(100,       475){col 67}= {res}     55.03
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.1260872{col 34}{space 2}  .035037{col 45}{space 1}   -3.60{col 54}{space 3}0.000{col 62}{space 4}-.1949338{col 75}{space 3}-.0572406
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 2.547705{col 34}{space 2} 1.489256{col 45}{space 1}    1.71{col 54}{space 3}0.088{col 62}{space 4}-.3786389{col 75}{space 3}  5.47405
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} -.000203{col 34}{space 2} .0138033{col 45}{space 1}   -0.01{col 54}{space 3}0.988{col 62}{space 4}-.0273261{col 75}{space 3} .0269201
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .1668935{col 34}{space 2} .1301199{col 45}{space 1}    1.28{col 54}{space 3}0.200{col 62}{space 4}-.0887884{col 75}{space 3} .4225754
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-.6029781{col 34}{space 2} 3.422559{col 45}{space 1}   -0.18{col 54}{space 3}0.860{col 62}{space 4}-7.328207{col 75}{space 3}  6.12225
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} .0005345{col 34}{space 2} .0336416{col 45}{space 1}    0.02{col 54}{space 3}0.987{col 62}{space 4}-.0655703{col 75}{space 3} .0666392
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .1289655{col 34}{space 2}  .103989{col 45}{space 1}    1.24{col 54}{space 3}0.216{col 62}{space 4}-.0753698{col 75}{space 3} .3333008
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} 4.704607{col 34}{space 2} 2.611161{col 45}{space 1}    1.80{col 54}{space 3}0.072{col 62}{space 4}-.4262478{col 75}{space 3} 9.835462
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-.0746782{col 34}{space 2} .0291396{col 45}{space 1}   -2.56{col 54}{space 3}0.011{col 62}{space 4}-.1319366{col 75}{space 3}-.0174197
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0683013{col 34}{space 2} .0600084{col 45}{space 1}   -1.14{col 54}{space 3}0.256{col 62}{space 4}-.1862162{col 75}{space 3} .0496135
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-4.010896{col 34}{space 2} 3.063656{col 45}{space 1}   -1.31{col 54}{space 3}0.191{col 62}{space 4}-10.03089{col 75}{space 3} 2.009099
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .0107344{col 34}{space 2} .0295067{col 45}{space 1}    0.36{col 54}{space 3}0.716{col 62}{space 4}-.0472453{col 75}{space 3} .0687141
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L4D. {c |}{col 22}{res}{space 2}  .092964{col 34}{space 2} .0480787{col 45}{space 1}    1.93{col 54}{space 3}0.054{col 62}{space 4}-.0015093{col 75}{space 3} .1874373
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-1.124321{col 34}{space 2} 3.200507{col 45}{space 1}   -0.35{col 54}{space 3}0.726{col 62}{space 4}-7.413224{col 75}{space 3} 5.164581
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2} .0169534{col 34}{space 2} .0303417{col 45}{space 1}    0.56{col 54}{space 3}0.577{col 62}{space 4}-.0426673{col 75}{space 3}  .076574
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-83.17117{col 34}{space 2} 262.6244{col 45}{space 1}   -0.32{col 54}{space 3}0.752{col 62}{space 4}-599.2204{col 75}{space 3}  432.878
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 138.7183{col 34}{space 2} 320.1461{col 45}{space 1}    0.43{col 54}{space 3}0.665{col 62}{space 4}-490.3594{col 75}{space 3}  767.796
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-25.34643{col 34}{space 2} 31.36103{col 45}{space 1}   -0.81{col 54}{space 3}0.419{col 62}{space 4}-86.96993{col 75}{space 3} 36.27707
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}  20.2525{col 34}{space 2} 53.36781{col 45}{space 1}    0.38{col 54}{space 3}0.704{col 62}{space 4}-84.61369{col 75}{space 3} 125.1187
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}  57.3039{col 34}{space 2} 200.6378{col 45}{space 1}    0.29{col 54}{space 3}0.775{col 62}{space 4}-336.9435{col 75}{space 3} 451.5513
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-403.0805{col 34}{space 2} 603.0482{col 45}{space 1}   -0.67{col 54}{space 3}0.504{col 62}{space 4}-1588.053{col 75}{space 3} 781.8917
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 154.8816{col 34}{space 2} 317.0383{col 45}{space 1}    0.49{col 54}{space 3}0.625{col 62}{space 4}-468.0894{col 75}{space 3} 777.8526
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}  2648.83{col 34}{space 2} 864.5487{col 45}{space 1}    3.06{col 54}{space 3}0.002{col 62}{space 4} 950.0175{col 75}{space 3} 4347.643
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-108.8113{col 34}{space 2} 57.88448{col 45}{space 1}   -1.88{col 54}{space 3}0.061{col 62}{space 4}-222.5526{col 75}{space 3} 4.930013
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 137.6553{col 34}{space 2} 101.9481{col 45}{space 1}    1.35{col 54}{space 3}0.178{col 62}{space 4}-62.66964{col 75}{space 3} 337.9803
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 152.8138{col 34}{space 2} 58.75742{col 45}{space 1}    2.60{col 54}{space 3}0.010{col 62}{space 4}  37.3572{col 75}{space 3} 268.2704
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-150.4746{col 34}{space 2} 105.7744{col 45}{space 1}   -1.42{col 54}{space 3}0.156{col 62}{space 4}-358.3181{col 75}{space 3} 57.36901
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-139.6273{col 34}{space 2}  45.5138{col 45}{space 1}   -3.07{col 54}{space 3}0.002{col 62}{space 4}-229.0606{col 75}{space 3}-50.19398
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 139.9598{col 34}{space 2} 98.85559{col 45}{space 1}    1.42{col 54}{space 3}0.157{col 62}{space 4}-54.28853{col 75}{space 3} 334.2082
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}5  {c |}{col 22}{res}{space 2}-41.18003{col 34}{space 2}  26.2668{col 45}{space 1}   -1.57{col 54}{space 3}0.118{col 62}{space 4}-92.79352{col 75}{space 3} 10.43345
{txt}{space 17}21  {c |}{col 22}{res}{space 2}-109.1926{col 34}{space 2} 52.66247{col 45}{space 1}   -2.07{col 54}{space 3}0.039{col 62}{space 4}-212.6728{col 75}{space 3}-5.712391
{txt}{space 17}22  {c |}{col 22}{res}{space 2} 55.40683{col 34}{space 2} 36.70037{col 45}{space 1}    1.51{col 54}{space 3}0.132{col 62}{space 4}-16.70832{col 75}{space 3}  127.522
{txt}{space 17}28  {c |}{col 22}{res}{space 2}-150.6073{col 34}{space 2} 47.89031{col 45}{space 1}   -3.14{col 54}{space 3}0.002{col 62}{space 4}-244.7103{col 75}{space 3}-56.50419
{txt}{space 17}40  {c |}{col 22}{res}{space 2} 42.22019{col 34}{space 2} 42.80747{col 45}{space 1}    0.99{col 54}{space 3}0.324{col 62}{space 4}-41.89523{col 75}{space 3} 126.3356
{txt}{space 17}45  {c |}{col 22}{res}{space 2}-15.59768{col 34}{space 2} 22.56167{col 45}{space 1}   -0.69{col 54}{space 3}0.490{col 62}{space 4} -59.9307{col 75}{space 3} 28.73534
{txt}{space 17}47  {c |}{col 22}{res}{space 2}-6.202801{col 34}{space 2}  36.1459{col 45}{space 1}   -0.17{col 54}{space 3}0.864{col 62}{space 4}-77.22843{col 75}{space 3} 64.82283
{txt}{space 17}54  {c |}{col 22}{res}{space 2}-133.7748{col 34}{space 2} 49.20172{col 45}{space 1}   -2.72{col 54}{space 3}0.007{col 62}{space 4}-230.4547{col 75}{space 3}-37.09481
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1948  {c |}{col 22}{res}{space 2} 471.0905{col 34}{space 2} 90.37168{col 45}{space 1}    5.21{col 54}{space 3}0.000{col 62}{space 4} 293.5128{col 75}{space 3} 648.6683
{txt}{space 15}1949  {c |}{col 22}{res}{space 2} 141.8006{col 34}{space 2} 135.4204{col 45}{space 1}    1.05{col 54}{space 3}0.296{col 62}{space 4}-124.2966{col 75}{space 3} 407.8977
{txt}{space 15}1950  {c |}{col 22}{res}{space 2}  277.765{col 34}{space 2} 115.9923{col 45}{space 1}    2.39{col 54}{space 3}0.017{col 62}{space 4} 49.84361{col 75}{space 3} 505.6865
{txt}{space 15}1951  {c |}{col 22}{res}{space 2}  437.473{col 34}{space 2} 141.8488{col 45}{space 1}    3.08{col 54}{space 3}0.002{col 62}{space 4} 158.7443{col 75}{space 3} 716.2017
{txt}{space 15}1952  {c |}{col 22}{res}{space 2} 394.7014{col 34}{space 2} 95.93242{col 45}{space 1}    4.11{col 54}{space 3}0.000{col 62}{space 4}  206.197{col 75}{space 3} 583.2058
{txt}{space 15}1953  {c |}{col 22}{res}{space 2} 410.9935{col 34}{space 2}  116.874{col 45}{space 1}    3.52{col 54}{space 3}0.000{col 62}{space 4} 181.3395{col 75}{space 3} 640.6475
{txt}{space 15}1954  {c |}{col 22}{res}{space 2} 151.3502{col 34}{space 2} 117.3104{col 45}{space 1}    1.29{col 54}{space 3}0.198{col 62}{space 4}-79.16125{col 75}{space 3} 381.8616
{txt}{space 15}1955  {c |}{col 22}{res}{space 2} 568.5723{col 34}{space 2} 101.7791{col 45}{space 1}    5.59{col 54}{space 3}0.000{col 62}{space 4} 368.5795{col 75}{space 3} 768.5652
{txt}{space 15}1956  {c |}{col 22}{res}{space 2} 538.7627{col 34}{space 2}  144.707{col 45}{space 1}    3.72{col 54}{space 3}0.000{col 62}{space 4} 254.4177{col 75}{space 3} 823.1078
{txt}{space 15}1957  {c |}{col 22}{res}{space 2} 269.8542{col 34}{space 2} 125.5178{col 45}{space 1}    2.15{col 54}{space 3}0.032{col 62}{space 4} 23.21534{col 75}{space 3} 516.4931
{txt}{space 15}1958  {c |}{col 22}{res}{space 2} 412.3557{col 34}{space 2} 129.6186{col 45}{space 1}    3.18{col 54}{space 3}0.002{col 62}{space 4}  157.659{col 75}{space 3} 667.0525
{txt}{space 15}1959  {c |}{col 22}{res}{space 2} 573.9827{col 34}{space 2} 117.7171{col 45}{space 1}    4.88{col 54}{space 3}0.000{col 62}{space 4} 342.6722{col 75}{space 3} 805.2933
{txt}{space 15}1960  {c |}{col 22}{res}{space 2} 345.9627{col 34}{space 2} 140.0331{col 45}{space 1}    2.47{col 54}{space 3}0.014{col 62}{space 4} 70.80169{col 75}{space 3} 621.1237
{txt}{space 15}1961  {c |}{col 22}{res}{space 2} 534.2336{col 34}{space 2} 133.5098{col 45}{space 1}    4.00{col 54}{space 3}0.000{col 62}{space 4} 271.8908{col 75}{space 3} 796.5764
{txt}{space 15}1962  {c |}{col 22}{res}{space 2} 609.1025{col 34}{space 2} 152.2658{col 45}{space 1}    4.00{col 54}{space 3}0.000{col 62}{space 4} 309.9047{col 75}{space 3} 908.3003
{txt}{space 15}1963  {c |}{col 22}{res}{space 2} 596.5534{col 34}{space 2} 150.1881{col 45}{space 1}    3.97{col 54}{space 3}0.000{col 62}{space 4} 301.4381{col 75}{space 3} 891.6686
{txt}{space 15}1964  {c |}{col 22}{res}{space 2} 722.3482{col 34}{space 2}  152.433{col 45}{space 1}    4.74{col 54}{space 3}0.000{col 62}{space 4} 422.8217{col 75}{space 3} 1021.875
{txt}{space 15}1965  {c |}{col 22}{res}{space 2} 797.7399{col 34}{space 2} 167.6794{col 45}{space 1}    4.76{col 54}{space 3}0.000{col 62}{space 4} 468.2549{col 75}{space 3} 1127.225
{txt}{space 15}1966  {c |}{col 22}{res}{space 2} 815.8667{col 34}{space 2} 180.5251{col 45}{space 1}    4.52{col 54}{space 3}0.000{col 62}{space 4} 461.1402{col 75}{space 3} 1170.593
{txt}{space 15}1967  {c |}{col 22}{res}{space 2} 778.8326{col 34}{space 2} 176.1982{col 45}{space 1}    4.42{col 54}{space 3}0.000{col 62}{space 4} 432.6082{col 75}{space 3} 1125.057
{txt}{space 15}1968  {c |}{col 22}{res}{space 2} 849.6376{col 34}{space 2} 176.3319{col 45}{space 1}    4.82{col 54}{space 3}0.000{col 62}{space 4} 503.1505{col 75}{space 3} 1196.125
{txt}{space 15}1969  {c |}{col 22}{res}{space 2} 847.0946{col 34}{space 2} 199.2741{col 45}{space 1}    4.25{col 54}{space 3}0.000{col 62}{space 4} 455.5269{col 75}{space 3} 1238.662
{txt}{space 15}1970  {c |}{col 22}{res}{space 2} 806.5854{col 34}{space 2} 198.6425{col 45}{space 1}    4.06{col 54}{space 3}0.000{col 62}{space 4} 416.2586{col 75}{space 3} 1196.912
{txt}{space 15}1971  {c |}{col 22}{res}{space 2} 913.2146{col 34}{space 2} 191.2061{col 45}{space 1}    4.78{col 54}{space 3}0.000{col 62}{space 4} 537.5003{col 75}{space 3} 1288.929
{txt}{space 15}1972  {c |}{col 22}{res}{space 2} 1178.472{col 34}{space 2} 215.2624{col 45}{space 1}    5.47{col 54}{space 3}0.000{col 62}{space 4} 755.4877{col 75}{space 3} 1601.456
{txt}{space 15}1973  {c |}{col 22}{res}{space 2} 1172.871{col 34}{space 2} 241.2249{col 45}{space 1}    4.86{col 54}{space 3}0.000{col 62}{space 4} 698.8713{col 75}{space 3} 1646.871
{txt}{space 15}1974  {c |}{col 22}{res}{space 2} 712.1407{col 34}{space 2} 236.1754{col 45}{space 1}    3.02{col 54}{space 3}0.003{col 62}{space 4} 248.0629{col 75}{space 3} 1176.219
{txt}{space 15}1975  {c |}{col 22}{res}{space 2} 746.3503{col 34}{space 2} 220.6766{col 45}{space 1}    3.38{col 54}{space 3}0.001{col 62}{space 4} 312.7273{col 75}{space 3} 1179.973
{txt}{space 15}1976  {c |}{col 22}{res}{space 2} 1245.244{col 34}{space 2} 244.5843{col 45}{space 1}    5.09{col 54}{space 3}0.000{col 62}{space 4} 764.6427{col 75}{space 3} 1725.845
{txt}{space 15}1977  {c |}{col 22}{res}{space 2} 1079.339{col 34}{space 2} 289.7213{col 45}{space 1}    3.73{col 54}{space 3}0.000{col 62}{space 4} 510.0454{col 75}{space 3} 1648.633
{txt}{space 15}1978  {c |}{col 22}{res}{space 2} 1238.237{col 34}{space 2} 260.0206{col 45}{space 1}    4.76{col 54}{space 3}0.000{col 62}{space 4} 727.3041{col 75}{space 3}  1749.17
{txt}{space 15}1979  {c |}{col 22}{res}{space 2} 954.6923{col 34}{space 2} 289.9249{col 45}{space 1}    3.29{col 54}{space 3}0.001{col 62}{space 4} 384.9983{col 75}{space 3} 1524.386
{txt}{space 15}1980  {c |}{col 22}{res}{space 2} 602.6398{col 34}{space 2} 251.8241{col 45}{space 1}    2.39{col 54}{space 3}0.017{col 62}{space 4} 107.8128{col 75}{space 3} 1097.467
{txt}{space 15}1981  {c |}{col 22}{res}{space 2} 1129.644{col 34}{space 2} 257.3958{col 45}{space 1}    4.39{col 54}{space 3}0.000{col 62}{space 4} 623.8693{col 75}{space 3}  1635.42
{txt}{space 15}1982  {c |}{col 22}{res}{space 2} 973.2527{col 34}{space 2} 297.5205{col 45}{space 1}    3.27{col 54}{space 3}0.001{col 62}{space 4} 388.6337{col 75}{space 3} 1557.872
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} 1025.783{col 34}{space 2} 278.6202{col 45}{space 1}    3.68{col 54}{space 3}0.000{col 62}{space 4} 478.3027{col 75}{space 3} 1573.264
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 1485.027{col 34}{space 2} 288.3175{col 45}{space 1}    5.15{col 54}{space 3}0.000{col 62}{space 4} 918.4916{col 75}{space 3} 2051.563
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 1142.767{col 34}{space 2}  306.884{col 45}{space 1}    3.72{col 54}{space 3}0.000{col 62}{space 4} 539.7492{col 75}{space 3} 1745.785
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 1107.396{col 34}{space 2} 267.0487{col 45}{space 1}    4.15{col 54}{space 3}0.000{col 62}{space 4} 582.6534{col 75}{space 3} 1632.139
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 1150.492{col 34}{space 2} 290.1018{col 45}{space 1}    3.97{col 54}{space 3}0.000{col 62}{space 4} 580.4501{col 75}{space 3} 1720.533
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 1342.548{col 34}{space 2} 280.5331{col 45}{space 1}    4.79{col 54}{space 3}0.000{col 62}{space 4} 791.3086{col 75}{space 3} 1893.787
{txt}{space 15}1989  {c |}{col 22}{res}{space 2}  1331.07{col 34}{space 2} 316.8878{col 45}{space 1}    4.20{col 54}{space 3}0.000{col 62}{space 4} 708.3943{col 75}{space 3} 1953.745
{txt}{space 15}1990  {c |}{col 22}{res}{space 2} 1129.518{col 34}{space 2} 310.9126{col 45}{space 1}    3.63{col 54}{space 3}0.000{col 62}{space 4} 518.5843{col 75}{space 3} 1740.453
{txt}{space 15}1991  {c |}{col 22}{res}{space 2}  1116.67{col 34}{space 2} 298.9408{col 45}{space 1}    3.74{col 54}{space 3}0.000{col 62}{space 4} 529.2598{col 75}{space 3}  1704.08
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 1495.342{col 34}{space 2} 299.8835{col 45}{space 1}    4.99{col 54}{space 3}0.000{col 62}{space 4} 906.0799{col 75}{space 3} 2084.605
{txt}{space 15}1993  {c |}{col 22}{res}{space 2}  1197.82{col 34}{space 2} 339.8574{col 45}{space 1}    3.52{col 54}{space 3}0.000{col 62}{space 4} 530.0098{col 75}{space 3} 1865.629
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 1411.403{col 34}{space 2} 310.4555{col 45}{space 1}    4.55{col 54}{space 3}0.000{col 62}{space 4} 801.3672{col 75}{space 3} 2021.439
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 1353.764{col 34}{space 2}  332.765{col 45}{space 1}    4.07{col 54}{space 3}0.000{col 62}{space 4} 699.8906{col 75}{space 3} 2007.637
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 1368.602{col 34}{space 2} 323.1711{col 45}{space 1}    4.23{col 54}{space 3}0.000{col 62}{space 4} 733.5803{col 75}{space 3} 2003.624
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 1510.361{col 34}{space 2} 336.5914{col 45}{space 1}    4.49{col 54}{space 3}0.000{col 62}{space 4} 848.9691{col 75}{space 3} 2171.754
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 1686.467{col 34}{space 2} 332.6645{col 45}{space 1}    5.07{col 54}{space 3}0.000{col 62}{space 4} 1032.791{col 75}{space 3} 2340.143
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 1358.959{col 34}{space 2} 365.1497{col 45}{space 1}    3.72{col 54}{space 3}0.000{col 62}{space 4} 641.4509{col 75}{space 3} 2076.468
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 1580.621{col 34}{space 2} 337.4934{col 45}{space 1}    4.68{col 54}{space 3}0.000{col 62}{space 4} 917.4561{col 75}{space 3} 2243.785
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 1605.565{col 34}{space 2} 383.5137{col 45}{space 1}    4.19{col 54}{space 3}0.000{col 62}{space 4}  851.972{col 75}{space 3} 2359.158
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 1372.494{col 34}{space 2} 358.4227{col 45}{space 1}    3.83{col 54}{space 3}0.000{col 62}{space 4} 668.2039{col 75}{space 3} 2076.784
{txt}{space 15}2003  {c |}{col 22}{res}{space 2}  1496.47{col 34}{space 2} 362.1906{col 45}{space 1}    4.13{col 54}{space 3}0.000{col 62}{space 4} 784.7763{col 75}{space 3} 2208.164
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 1752.298{col 34}{space 2} 399.0004{col 45}{space 1}    4.39{col 54}{space 3}0.000{col 62}{space 4} 968.2735{col 75}{space 3} 2536.322
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 1614.807{col 34}{space 2} 405.2705{col 45}{space 1}    3.98{col 54}{space 3}0.000{col 62}{space 4} 818.4625{col 75}{space 3} 2411.152
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 1923.102{col 34}{space 2}  420.471{col 45}{space 1}    4.57{col 54}{space 3}0.000{col 62}{space 4} 1096.889{col 75}{space 3} 2749.315
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 1768.605{col 34}{space 2} 430.2848{col 45}{space 1}    4.11{col 54}{space 3}0.000{col 62}{space 4} 923.1082{col 75}{space 3} 2614.102
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 1658.031{col 34}{space 2} 461.8464{col 45}{space 1}    3.59{col 54}{space 3}0.000{col 62}{space 4} 750.5163{col 75}{space 3} 2565.546
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} 1024.282{col 34}{space 2} 367.4413{col 45}{space 1}    2.79{col 54}{space 3}0.006{col 62}{space 4}  302.271{col 75}{space 3} 1746.294
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 1772.272{col 34}{space 2} 386.5149{col 45}{space 1}    4.59{col 54}{space 3}0.000{col 62}{space 4} 1012.782{col 75}{space 3} 2531.763
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 75.40345{col 34}{space 2} 322.2016{col 45}{space 1}    0.23{col 54}{space 3}0.815{col 62}{space 4}-557.7132{col 75}{space 3} 708.5201
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallfullos if oldsouth==1
{txt}(option xb assumed; fitted values)
(2,763 missing values generated)

{com}. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   475) ={res}   12.95
{txt}{col 13}Prob > F ={res}    0.0004
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   475) ={res}    6.53
{txt}{col 13}Prob > F ={res}    0.0016
{txt}
{com}. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = l3.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq - L3D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 5)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  5,   475) ={res}    1.79
{txt}{col 13}Prob > F ={res}    0.1140
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0907329{col 26}{space 2} 6.218529{col 37}{space 1}    0.01{col 46}{space 3}0.988{col 54}{space 4}-12.12849{col 67}{space 3} 12.30996
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney    + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0273236{col 26}{space 2} 6.168122{col 37}{space 1}    0.00{col 46}{space 3}0.996{col 54}{space 4}-12.09286{col 67}{space 3}  12.1475
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}  20.2059{col 26}{space 2} 10.90281{col 37}{space 1}    1.85{col 46}{space 3}0.064{col 54}{space 4}-1.163216{col 67}{space 3} 41.57501
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 20.20429{col 26}{space 2} 10.80535{col 37}{space 1}    1.87{col 46}{space 3}0.062{col 54}{space 4}-.9738084{col 67}{space 3} 41.38238
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. *
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. *
. 
. 
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. 
. *** IV.B: OLD SOUTH STATES (N = 9): PRE-PARTISAN ALIGNMENT TIME PERIOD (1942 - 1980) ***
. 
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified  i.state_fips i.year if year <=1980 & oldsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       315{col 27}-2180.656{col 38}-1883.443{col 49}    67{col 58} 3900.886{col 69} 4152.308
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified  i.state_fips i.year if year <=1980 & oldsouth==1, lag(6) force
{txt}note: L.rep_unified omitted because of collinearity
note: LD.rep_unified omitted because of collinearity

Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       315
{txt}maximum lag: {res}6{col 49}{txt}F( 66,       248){col 67}= {res}    184.81
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.2635289{col 34}{space 2}   .08001{col 45}{space 1}   -3.29{col 54}{space 3}0.001{col 62}{space 4}-.4211146{col 75}{space 3}-.1059432
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 2.459766{col 34}{space 2} 3.003008{col 45}{space 1}    0.82{col 54}{space 3}0.414{col 62}{space 4}-3.454886{col 75}{space 3} 8.374418
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0098374{col 34}{space 2} .0240009{col 45}{space 1}   -0.41{col 54}{space 3}0.682{col 62}{space 4} -.057109{col 75}{space 3} .0374343
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .2617386{col 34}{space 2} .0783326{col 45}{space 1}    3.34{col 54}{space 3}0.001{col 62}{space 4} .1074566{col 75}{space 3} .4160205
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-4.998126{col 34}{space 2} 3.366987{col 45}{space 1}   -1.48{col 54}{space 3}0.139{col 62}{space 4}-11.62966{col 75}{space 3} 1.633409
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} .0249759{col 34}{space 2} .0319824{col 45}{space 1}    0.78{col 54}{space 3}0.436{col 62}{space 4}-.0380159{col 75}{space 3} .0879677
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.0917095{col 34}{space 2}   .06336{col 45}{space 1}   -1.45{col 54}{space 3}0.149{col 62}{space 4}-.2165019{col 75}{space 3} .0330829
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} 3.740784{col 34}{space 2} 3.081995{col 45}{space 1}    1.21{col 54}{space 3}0.226{col 62}{space 4}-2.329439{col 75}{space 3} 9.811007
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-.0480514{col 34}{space 2} .0304367{col 45}{space 1}   -1.58{col 54}{space 3}0.116{col 62}{space 4}-.1079987{col 75}{space 3}  .011896
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.1037852{col 34}{space 2}  .060963{col 45}{space 1}   -1.70{col 54}{space 3}0.090{col 62}{space 4}-.2238566{col 75}{space 3} .0162861
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-5.797662{col 34}{space 2} 3.360605{col 45}{space 1}   -1.73{col 54}{space 3}0.086{col 62}{space 4}-12.41663{col 75}{space 3} .8213047
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .0399867{col 34}{space 2} .0300397{col 45}{space 1}    1.33{col 54}{space 3}0.184{col 62}{space 4}-.0191788{col 75}{space 3} .0991521
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-29.68771{col 34}{space 2} 216.9715{col 45}{space 1}   -0.14{col 54}{space 3}0.891{col 62}{space 4}-457.0295{col 75}{space 3} 397.6541
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-71.18284{col 34}{space 2} 256.4762{col 45}{space 1}   -0.28{col 54}{space 3}0.782{col 62}{space 4}-576.3322{col 75}{space 3} 433.9665
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-6.546975{col 34}{space 2}  59.2232{col 45}{space 1}   -0.11{col 54}{space 3}0.912{col 62}{space 4}-123.1915{col 75}{space 3} 110.0976
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 3.770831{col 34}{space 2} 72.24356{col 45}{space 1}    0.05{col 54}{space 3}0.958{col 62}{space 4}-138.5183{col 75}{space 3}   146.06
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-802.9519{col 34}{space 2} 279.3165{col 45}{space 1}   -2.87{col 54}{space 3}0.004{col 62}{space 4}-1353.087{col 75}{space 3}-252.8169
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 763.1846{col 34}{space 2} 491.1506{col 45}{space 1}    1.55{col 54}{space 3}0.121{col 62}{space 4}-204.1737{col 75}{space 3} 1730.543
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 322.3305{col 34}{space 2}  458.631{col 45}{space 1}    0.70{col 54}{space 3}0.483{col 62}{space 4}-580.9779{col 75}{space 3} 1225.639
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}  2498.15{col 34}{space 2} 591.8659{col 45}{space 1}    4.22{col 54}{space 3}0.000{col 62}{space 4} 1332.425{col 75}{space 3} 3663.875
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 89.08079{col 34}{space 2} 43.94469{col 45}{space 1}    2.03{col 54}{space 3}0.044{col 62}{space 4} 2.528395{col 75}{space 3} 175.6332
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-72.59247{col 34}{space 2}  34.6415{col 45}{space 1}   -2.10{col 54}{space 3}0.037{col 62}{space 4}-140.8215{col 75}{space 3}-4.363414
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-37.86819{col 34}{space 2} 53.03677{col 45}{space 1}   -0.71{col 54}{space 3}0.476{col 62}{space 4}-142.3281{col 75}{space 3} 66.59175
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 19.71464{col 34}{space 2} 47.80109{col 45}{space 1}    0.41{col 54}{space 3}0.680{col 62}{space 4}-74.43323{col 75}{space 3} 113.8625
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 17}LD. {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 20} {c |}
{space 10}state_fips {c |}
{space 18}5  {c |}{col 22}{res}{space 2}-20.28222{col 34}{space 2} 46.89618{col 45}{space 1}   -0.43{col 54}{space 3}0.666{col 62}{space 4}-112.6478{col 75}{space 3} 72.08335
{txt}{space 17}21  {c |}{col 22}{res}{space 2} 28.07159{col 34}{space 2} 113.0473{col 45}{space 1}    0.25{col 54}{space 3}0.804{col 62}{space 4}-194.5836{col 75}{space 3} 250.7268
{txt}{space 17}22  {c |}{col 22}{res}{space 2} 190.5328{col 34}{space 2} 59.12623{col 45}{space 1}    3.22{col 54}{space 3}0.001{col 62}{space 4} 74.07918{col 75}{space 3} 306.9863
{txt}{space 17}28  {c |}{col 22}{res}{space 2}-215.6423{col 34}{space 2} 80.01676{col 45}{space 1}   -2.69{col 54}{space 3}0.008{col 62}{space 4}-373.2414{col 75}{space 3}-58.04328
{txt}{space 17}40  {c |}{col 22}{res}{space 2} 378.2601{col 34}{space 2} 101.1108{col 45}{space 1}    3.74{col 54}{space 3}0.000{col 62}{space 4} 179.1148{col 75}{space 3} 577.4054
{txt}{space 17}45  {c |}{col 22}{res}{space 2}-44.47597{col 34}{space 2} 39.19049{col 45}{space 1}   -1.13{col 54}{space 3}0.258{col 62}{space 4}-121.6646{col 75}{space 3} 32.71266
{txt}{space 17}47  {c |}{col 22}{res}{space 2} 44.12293{col 34}{space 2} 72.49909{col 45}{space 1}    0.61{col 54}{space 3}0.543{col 62}{space 4}-98.66951{col 75}{space 3} 186.9154
{txt}{space 17}54  {c |}{col 22}{res}{space 2}-7.901126{col 34}{space 2} 110.5448{col 45}{space 1}   -0.07{col 54}{space 3}0.943{col 62}{space 4}-225.6275{col 75}{space 3} 209.8253
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1947  {c |}{col 22}{res}{space 2} 139.0801{col 34}{space 2}   89.816{col 45}{space 1}    1.55{col 54}{space 3}0.123{col 62}{space 4}-37.81933{col 75}{space 3} 315.9795
{txt}{space 15}1948  {c |}{col 22}{res}{space 2} 414.1617{col 34}{space 2} 105.9703{col 45}{space 1}    3.91{col 54}{space 3}0.000{col 62}{space 4} 205.4451{col 75}{space 3} 622.8783
{txt}{space 15}1949  {c |}{col 22}{res}{space 2} .6953469{col 34}{space 2} 110.0557{col 45}{space 1}    0.01{col 54}{space 3}0.995{col 62}{space 4}-216.0677{col 75}{space 3} 217.4584
{txt}{space 15}1950  {c |}{col 22}{res}{space 2} 218.8437{col 34}{space 2} 79.77019{col 45}{space 1}    2.74{col 54}{space 3}0.007{col 62}{space 4} 61.73027{col 75}{space 3} 375.9571
{txt}{space 15}1951  {c |}{col 22}{res}{space 2} 342.1977{col 34}{space 2} 79.70761{col 45}{space 1}    4.29{col 54}{space 3}0.000{col 62}{space 4} 185.2075{col 75}{space 3} 499.1879
{txt}{space 15}1952  {c |}{col 22}{res}{space 2} 428.6023{col 34}{space 2} 75.51663{col 45}{space 1}    5.68{col 54}{space 3}0.000{col 62}{space 4} 279.8666{col 75}{space 3} 577.3381
{txt}{space 15}1953  {c |}{col 22}{res}{space 2} 464.7719{col 34}{space 2} 69.24695{col 45}{space 1}    6.71{col 54}{space 3}0.000{col 62}{space 4} 328.3848{col 75}{space 3}  601.159
{txt}{space 15}1954  {c |}{col 22}{res}{space 2} 233.0536{col 34}{space 2} 71.51899{col 45}{space 1}    3.26{col 54}{space 3}0.001{col 62}{space 4} 92.19152{col 75}{space 3} 373.9157
{txt}{space 15}1955  {c |}{col 22}{res}{space 2} 682.6086{col 34}{space 2} 84.76668{col 45}{space 1}    8.05{col 54}{space 3}0.000{col 62}{space 4} 515.6542{col 75}{space 3}  849.563
{txt}{space 15}1956  {c |}{col 22}{res}{space 2} 586.3679{col 34}{space 2} 94.21727{col 45}{space 1}    6.22{col 54}{space 3}0.000{col 62}{space 4} 400.7999{col 75}{space 3} 771.9359
{txt}{space 15}1957  {c |}{col 22}{res}{space 2} 436.3656{col 34}{space 2}  108.388{col 45}{space 1}    4.03{col 54}{space 3}0.000{col 62}{space 4} 222.8872{col 75}{space 3}  649.844
{txt}{space 15}1958  {c |}{col 22}{res}{space 2} 547.1961{col 34}{space 2} 109.8939{col 45}{space 1}    4.98{col 54}{space 3}0.000{col 62}{space 4} 330.7517{col 75}{space 3} 763.6406
{txt}{space 15}1959  {c |}{col 22}{res}{space 2} 705.5209{col 34}{space 2} 120.9006{col 45}{space 1}    5.84{col 54}{space 3}0.000{col 62}{space 4}  467.398{col 75}{space 3} 943.6437
{txt}{space 15}1960  {c |}{col 22}{res}{space 2} 502.8648{col 34}{space 2} 133.3823{col 45}{space 1}    3.77{col 54}{space 3}0.000{col 62}{space 4} 240.1583{col 75}{space 3} 765.5713
{txt}{space 15}1961  {c |}{col 22}{res}{space 2} 699.7302{col 34}{space 2} 138.3147{col 45}{space 1}    5.06{col 54}{space 3}0.000{col 62}{space 4} 427.3089{col 75}{space 3} 972.1516
{txt}{space 15}1962  {c |}{col 22}{res}{space 2} 745.9704{col 34}{space 2} 142.6568{col 45}{space 1}    5.23{col 54}{space 3}0.000{col 62}{space 4} 464.9971{col 75}{space 3} 1026.944
{txt}{space 15}1963  {c |}{col 22}{res}{space 2} 798.3486{col 34}{space 2} 151.2051{col 45}{space 1}    5.28{col 54}{space 3}0.000{col 62}{space 4} 500.5386{col 75}{space 3} 1096.159
{txt}{space 15}1964  {c |}{col 22}{res}{space 2} 936.1292{col 34}{space 2} 160.6551{col 45}{space 1}    5.83{col 54}{space 3}0.000{col 62}{space 4} 619.7067{col 75}{space 3} 1252.552
{txt}{space 15}1965  {c |}{col 22}{res}{space 2} 1072.071{col 34}{space 2} 175.8709{col 45}{space 1}    6.10{col 54}{space 3}0.000{col 62}{space 4} 725.6804{col 75}{space 3} 1418.463
{txt}{space 15}1966  {c |}{col 22}{res}{space 2}  1141.97{col 34}{space 2} 194.6952{col 45}{space 1}    5.87{col 54}{space 3}0.000{col 62}{space 4} 758.5035{col 75}{space 3} 1525.437
{txt}{space 15}1967  {c |}{col 22}{res}{space 2} 1212.855{col 34}{space 2} 212.8137{col 45}{space 1}    5.70{col 54}{space 3}0.000{col 62}{space 4}  793.702{col 75}{space 3} 1632.007
{txt}{space 15}1968  {c |}{col 22}{res}{space 2} 1285.753{col 34}{space 2}  235.836{col 45}{space 1}    5.45{col 54}{space 3}0.000{col 62}{space 4} 821.2558{col 75}{space 3} 1750.249
{txt}{space 15}1969  {c |}{col 22}{res}{space 2} 1320.202{col 34}{space 2} 272.8465{col 45}{space 1}    4.84{col 54}{space 3}0.000{col 62}{space 4} 782.8104{col 75}{space 3} 1857.594
{txt}{space 15}1970  {c |}{col 22}{res}{space 2} 1326.649{col 34}{space 2} 288.3674{col 45}{space 1}    4.60{col 54}{space 3}0.000{col 62}{space 4} 758.6876{col 75}{space 3} 1894.611
{txt}{space 15}1971  {c |}{col 22}{res}{space 2} 1429.098{col 34}{space 2} 306.4826{col 45}{space 1}    4.66{col 54}{space 3}0.000{col 62}{space 4} 825.4574{col 75}{space 3} 2032.739
{txt}{space 15}1972  {c |}{col 22}{res}{space 2} 1736.166{col 34}{space 2} 332.2772{col 45}{space 1}    5.23{col 54}{space 3}0.000{col 62}{space 4} 1081.721{col 75}{space 3} 2390.612
{txt}{space 15}1973  {c |}{col 22}{res}{space 2} 1803.803{col 34}{space 2} 361.4869{col 45}{space 1}    4.99{col 54}{space 3}0.000{col 62}{space 4} 1091.828{col 75}{space 3} 2515.779
{txt}{space 15}1974  {c |}{col 22}{res}{space 2} 1446.909{col 34}{space 2} 374.2001{col 45}{space 1}    3.87{col 54}{space 3}0.000{col 62}{space 4}  709.894{col 75}{space 3} 2183.925
{txt}{space 15}1975  {c |}{col 22}{res}{space 2} 1545.989{col 34}{space 2} 387.3481{col 45}{space 1}    3.99{col 54}{space 3}0.000{col 62}{space 4} 783.0782{col 75}{space 3} 2308.901
{txt}{space 15}1976  {c |}{col 22}{res}{space 2} 1940.795{col 34}{space 2} 405.5146{col 45}{space 1}    4.79{col 54}{space 3}0.000{col 62}{space 4} 1142.103{col 75}{space 3} 2739.487
{txt}{space 15}1977  {c |}{col 22}{res}{space 2} 1749.402{col 34}{space 2} 424.6328{col 45}{space 1}    4.12{col 54}{space 3}0.000{col 62}{space 4} 913.0556{col 75}{space 3} 2585.748
{txt}{space 15}1978  {c |}{col 22}{res}{space 2} 2004.407{col 34}{space 2} 448.7139{col 45}{space 1}    4.47{col 54}{space 3}0.000{col 62}{space 4} 1120.631{col 75}{space 3} 2888.183
{txt}{space 15}1979  {c |}{col 22}{res}{space 2} 1769.279{col 34}{space 2} 452.1238{col 45}{space 1}    3.91{col 54}{space 3}0.000{col 62}{space 4}  878.787{col 75}{space 3} 2659.771
{txt}{space 15}1980  {c |}{col 22}{res}{space 2} 1503.086{col 34}{space 2} 459.1791{col 45}{space 1}    3.27{col 54}{space 3}0.001{col 62}{space 4} 598.6981{col 75}{space 3} 2407.474
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2}  561.022{col 34}{space 2} 438.9672{col 45}{space 1}    1.28{col 54}{space 3}0.202{col 62}{space 4}-303.5571{col 75}{space 3} 1425.601
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpre if year<=1980 & oldsouth==1
{txt}(option xb assumed; fitted values)
(3,024 missing values generated)

{com}. 
. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   248) ={res}   10.85
{txt}{col 13}Prob > F ={res}    0.0011
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   248) ={res}    5.65
{txt}{col 13}Prob > F ={res}    0.0040
{txt}
{com}. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  4,   248) ={res}    1.63
{txt}{col 13}Prob > F ={res}    0.1667
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-7.055004{col 26}{space 2} 5.838419{col 37}{space 1}   -1.21{col 46}{space 3}0.228{col 54}{space 4}-18.55421{col 67}{space 3} 4.444204
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney    + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-7.038092{col 26}{space 2} 5.788049{col 37}{space 1}   -1.22{col 46}{space 3}0.225{col 54}{space 4}-18.43809{col 67}{space 3} 4.361908
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 9.333951{col 26}{space 2} 10.48609{col 37}{space 1}    0.89{col 46}{space 3}0.373{col 54}{space 4} -11.2184{col 67}{space 3}  29.8863
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 9.296622{col 26}{space 2} 10.40001{col 37}{space 1}    0.89{col 46}{space 3}0.371{col 54}{space 4}-11.08703{col 67}{space 3} 29.68027
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. // (5,4)  MODEL
. 
. 
. 
. *** IV.C: OLD SOUTH STATES (N = 9): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l4.d.real_pc_inc_ann l3.d.klarnerranney l3.d.klarnerranneysq l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified  i.state_fips i.year if year >1980 & oldsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       270{col 27}-1889.087{col 38}-1735.632{col 49}    65{col 58} 3601.265{col 69} 3835.162
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney l.klarnerranneysq  l.d.real_pc_inc_ann d.klarnerranney d.klarnerranneysq  l2.d.real_pc_inc_ann  l.d.klarnerranney l.d.klarnerranneysq l3.d.real_pc_inc_ann l2.d.klarnerranney l2.d.klarnerranneysq l4.d.real_pc_inc_ann l3.d.klarnerranney l3.d.klarnerranneysq  l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified  i.state_fips i.year if year >1980 & oldsouth==1, lag(5) force
{txt}note: LD.right_to_work omitted because of collinearity
note: 54.state_fips omitted because of collinearity

Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       270
{txt}maximum lag: {res}5{col 49}{txt}F( 64,       205){col 67}= {res}     38.64
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.2151802{col 34}{space 2} .0494218{col 45}{space 1}   -4.35{col 54}{space 3}0.000{col 62}{space 4}-.3126203{col 75}{space 3}  -.11774
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 4.596604{col 34}{space 2} 2.996225{col 45}{space 1}    1.53{col 54}{space 3}0.127{col 62}{space 4}-1.310764{col 75}{space 3} 10.50397
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0086537{col 34}{space 2} .0257846{col 45}{space 1}   -0.34{col 54}{space 3}0.738{col 62}{space 4}-.0594907{col 75}{space 3} .0421833
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .1813013{col 34}{space 2} .1326529{col 45}{space 1}    1.37{col 54}{space 3}0.173{col 62}{space 4}-.0802375{col 75}{space 3} .4428402
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} 3.474054{col 34}{space 2} 6.056273{col 45}{space 1}    0.57{col 54}{space 3}0.567{col 62}{space 4}-8.466514{col 75}{space 3} 15.41462
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-.0272945{col 34}{space 2}  .058192{col 45}{space 1}   -0.47{col 54}{space 3}0.640{col 62}{space 4}-.1420262{col 75}{space 3} .0874371
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .3050307{col 34}{space 2} .1437525{col 45}{space 1}    2.12{col 54}{space 3}0.035{col 62}{space 4} .0216077{col 75}{space 3} .5884537
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} 3.452947{col 34}{space 2} 4.774471{col 45}{space 1}    0.72{col 54}{space 3}0.470{col 62}{space 4}-5.960417{col 75}{space 3} 12.86631
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-.0917094{col 34}{space 2} .0535473{col 45}{space 1}   -1.71{col 54}{space 3}0.088{col 62}{space 4}-.1972835{col 75}{space 3} .0138647
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0396098{col 34}{space 2} .0901659{col 45}{space 1}   -0.44{col 54}{space 3}0.661{col 62}{space 4}-.2173813{col 75}{space 3} .1381616
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-5.121845{col 34}{space 2} 5.075513{col 45}{space 1}   -1.01{col 54}{space 3}0.314{col 62}{space 4}-15.12874{col 75}{space 3} 4.885053
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}  .002398{col 34}{space 2} .0568646{col 45}{space 1}    0.04{col 54}{space 3}0.966{col 62}{space 4}-.1097165{col 75}{space 3} .1145125
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L4D. {c |}{col 22}{res}{space 2} .1856466{col 34}{space 2} .0626679{col 45}{space 1}    2.96{col 54}{space 3}0.003{col 62}{space 4} .0620904{col 75}{space 3} .3092028
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-5.318927{col 34}{space 2}   6.3669{col 45}{space 1}   -0.84{col 54}{space 3}0.404{col 62}{space 4}-17.87193{col 75}{space 3} 7.234075
{txt}{space 20} {c |}
{space 5}klarnerranneysq {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2} .0809187{col 34}{space 2} .0761154{col 45}{space 1}    1.06{col 54}{space 3}0.289{col 62}{space 4}-.0691506{col 75}{space 3}  .230988
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 434.1215{col 34}{space 2} 986.9915{col 45}{space 1}    0.44{col 54}{space 3}0.661{col 62}{space 4}-1511.834{col 75}{space 3} 2380.077
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 262.0769{col 34}{space 2} 1080.081{col 45}{space 1}    0.24{col 54}{space 3}0.809{col 62}{space 4}-1867.415{col 75}{space 3} 2391.568
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 307.8625{col 34}{space 2} 73.12931{col 45}{space 1}    4.21{col 54}{space 3}0.000{col 62}{space 4} 163.6805{col 75}{space 3} 452.0445
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 411.1229{col 34}{space 2} 738.7147{col 45}{space 1}    0.56{col 54}{space 3}0.578{col 62}{space 4} -1045.33{col 75}{space 3} 1867.575
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-1668.254{col 34}{space 2} 991.7033{col 45}{space 1}   -1.68{col 54}{space 3}0.094{col 62}{space 4}  -3623.5{col 75}{space 3} 286.9917
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 9646.459{col 34}{space 2} 3510.111{col 45}{space 1}    2.75{col 54}{space 3}0.007{col 62}{space 4} 2725.911{col 75}{space 3} 16567.01
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 2266.993{col 34}{space 2} 2875.721{col 45}{space 1}    0.79{col 54}{space 3}0.431{col 62}{space 4}-3402.788{col 75}{space 3} 7936.774
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-165.3918{col 34}{space 2} 84.56969{col 45}{space 1}   -1.96{col 54}{space 3}0.052{col 62}{space 4}-332.1297{col 75}{space 3}  1.34612
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 210.8675{col 34}{space 2} 119.0516{col 45}{space 1}    1.77{col 54}{space 3}0.078{col 62}{space 4}-23.85505{col 75}{space 3}   445.59
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 218.7012{col 34}{space 2} 79.19665{col 45}{space 1}    2.76{col 54}{space 3}0.006{col 62}{space 4} 62.55678{col 75}{space 3} 374.8455
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-235.4317{col 34}{space 2} 127.5339{col 45}{space 1}   -1.85{col 54}{space 3}0.066{col 62}{space 4} -486.878{col 75}{space 3} 16.01463
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-122.8238{col 34}{space 2} 81.71074{col 45}{space 1}   -1.50{col 54}{space 3}0.134{col 62}{space 4} -283.925{col 75}{space 3} 38.27734
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 230.8248{col 34}{space 2} 148.3346{col 45}{space 1}    1.56{col 54}{space 3}0.121{col 62}{space 4}-61.63213{col 75}{space 3} 523.2818
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}5  {c |}{col 22}{res}{space 2} 94.17955{col 34}{space 2} 83.70385{col 45}{space 1}    1.13{col 54}{space 3}0.262{col 62}{space 4}-70.85125{col 75}{space 3} 259.2104
{txt}{space 17}21  {c |}{col 22}{res}{space 2} 213.7748{col 34}{space 2} 59.32958{col 45}{space 1}    3.60{col 54}{space 3}0.000{col 62}{space 4} 96.80035{col 75}{space 3} 330.7492
{txt}{space 17}22  {c |}{col 22}{res}{space 2} 25.53104{col 34}{space 2} 54.25343{col 45}{space 1}    0.47{col 54}{space 3}0.638{col 62}{space 4}-81.43521{col 75}{space 3} 132.4973
{txt}{space 17}28  {c |}{col 22}{res}{space 2}-270.7033{col 34}{space 2} 87.09257{col 45}{space 1}   -3.11{col 54}{space 3}0.002{col 62}{space 4}-442.4154{col 75}{space 3}-98.99133
{txt}{space 17}40  {c |}{col 22}{res}{space 2} 36.79871{col 34}{space 2} 50.77033{col 45}{space 1}    0.72{col 54}{space 3}0.469{col 62}{space 4}-63.30025{col 75}{space 3} 136.8977
{txt}{space 17}45  {c |}{col 22}{res}{space 2}-80.82791{col 34}{space 2} 51.21301{col 45}{space 1}   -1.58{col 54}{space 3}0.116{col 62}{space 4}-181.7997{col 75}{space 3} 20.14385
{txt}{space 17}47  {c |}{col 22}{res}{space 2}-10.95465{col 34}{space 2} 87.86672{col 45}{space 1}   -0.12{col 54}{space 3}0.901{col 62}{space 4} -184.193{col 75}{space 3} 162.2837
{txt}{space 17}54  {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 20} {c |}
{space 16}year {c |}
{space 15}1982  {c |}{col 22}{res}{space 2}-42.51216{col 34}{space 2} 124.8114{col 45}{space 1}   -0.34{col 54}{space 3}0.734{col 62}{space 4}-288.5908{col 75}{space 3} 203.5665
{txt}{space 15}1983  {c |}{col 22}{res}{space 2}-20.74951{col 34}{space 2} 137.9496{col 45}{space 1}   -0.15{col 54}{space 3}0.881{col 62}{space 4}-292.7314{col 75}{space 3} 251.2324
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 412.9329{col 34}{space 2} 114.2374{col 45}{space 1}    3.61{col 54}{space 3}0.000{col 62}{space 4} 187.7021{col 75}{space 3} 638.1637
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 119.3687{col 34}{space 2} 169.7583{col 45}{space 1}    0.70{col 54}{space 3}0.483{col 62}{space 4}-215.3274{col 75}{space 3} 454.0647
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 46.45173{col 34}{space 2} 137.7822{col 45}{space 1}    0.34{col 54}{space 3}0.736{col 62}{space 4}-225.2001{col 75}{space 3} 318.1036
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 107.5358{col 34}{space 2} 134.4369{col 45}{space 1}    0.80{col 54}{space 3}0.425{col 62}{space 4}-157.5204{col 75}{space 3}  372.592
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 314.1107{col 34}{space 2} 133.5693{col 45}{space 1}    2.35{col 54}{space 3}0.020{col 62}{space 4} 50.76503{col 75}{space 3} 577.4564
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 389.6505{col 34}{space 2} 161.4903{col 45}{space 1}    2.41{col 54}{space 3}0.017{col 62}{space 4} 71.25556{col 75}{space 3} 708.0454
{txt}{space 15}1990  {c |}{col 22}{res}{space 2} 160.1724{col 34}{space 2} 155.1103{col 45}{space 1}    1.03{col 54}{space 3}0.303{col 62}{space 4}-145.6436{col 75}{space 3} 465.9884
{txt}{space 15}1991  {c |}{col 22}{res}{space 2} 161.3812{col 34}{space 2} 137.2916{col 45}{space 1}    1.18{col 54}{space 3}0.241{col 62}{space 4}-109.3035{col 75}{space 3} 432.0659
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 560.9237{col 34}{space 2} 146.3071{col 45}{space 1}    3.83{col 54}{space 3}0.000{col 62}{space 4} 272.4641{col 75}{space 3} 849.3833
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 323.7681{col 34}{space 2}  189.354{col 45}{space 1}    1.71{col 54}{space 3}0.089{col 62}{space 4}-49.56279{col 75}{space 3} 697.0991
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 452.3098{col 34}{space 2} 155.4405{col 45}{space 1}    2.91{col 54}{space 3}0.004{col 62}{space 4} 145.8428{col 75}{space 3} 758.7769
{txt}{space 15}1995  {c |}{col 22}{res}{space 2}  457.157{col 34}{space 2} 179.2129{col 45}{space 1}    2.55{col 54}{space 3}0.011{col 62}{space 4} 103.8203{col 75}{space 3} 810.4937
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 419.1323{col 34}{space 2} 171.5961{col 45}{space 1}    2.44{col 54}{space 3}0.015{col 62}{space 4} 80.81278{col 75}{space 3} 757.4519
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 623.8473{col 34}{space 2} 177.5528{col 45}{space 1}    3.51{col 54}{space 3}0.001{col 62}{space 4} 273.7836{col 75}{space 3} 973.9111
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 733.0301{col 34}{space 2} 190.5267{col 45}{space 1}    3.85{col 54}{space 3}0.000{col 62}{space 4}  357.387{col 75}{space 3} 1108.673
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 455.9554{col 34}{space 2} 229.4597{col 45}{space 1}    1.99{col 54}{space 3}0.048{col 62}{space 4}  3.55191{col 75}{space 3} 908.3588
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 659.1337{col 34}{space 2} 195.7969{col 45}{space 1}    3.37{col 54}{space 3}0.001{col 62}{space 4} 273.0999{col 75}{space 3} 1045.168
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 758.7386{col 34}{space 2} 234.1355{col 45}{space 1}    3.24{col 54}{space 3}0.001{col 62}{space 4} 297.1161{col 75}{space 3} 1220.361
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 556.0929{col 34}{space 2} 225.2179{col 45}{space 1}    2.47{col 54}{space 3}0.014{col 62}{space 4} 112.0525{col 75}{space 3} 1000.133
{txt}{space 15}2003  {c |}{col 22}{res}{space 2} 665.4573{col 34}{space 2} 208.5885{col 45}{space 1}    3.19{col 54}{space 3}0.002{col 62}{space 4} 254.2035{col 75}{space 3} 1076.711
{txt}{space 15}2004  {c |}{col 22}{res}{space 2}  961.923{col 34}{space 2} 241.2911{col 45}{space 1}    3.99{col 54}{space 3}0.000{col 62}{space 4} 486.1926{col 75}{space 3} 1437.653
{txt}{space 15}2005  {c |}{col 22}{res}{space 2}   903.95{col 34}{space 2} 266.5627{col 45}{space 1}    3.39{col 54}{space 3}0.001{col 62}{space 4} 378.3941{col 75}{space 3} 1429.506
{txt}{space 15}2006  {c |}{col 22}{res}{space 2}  1147.36{col 34}{space 2} 252.1155{col 45}{space 1}    4.55{col 54}{space 3}0.000{col 62}{space 4} 650.2884{col 75}{space 3} 1644.432
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 1007.651{col 34}{space 2}  285.948{col 45}{space 1}    3.52{col 54}{space 3}0.001{col 62}{space 4} 443.8749{col 75}{space 3} 1571.427
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 842.5422{col 34}{space 2}   314.39{col 45}{space 1}    2.68{col 54}{space 3}0.008{col 62}{space 4} 222.6898{col 75}{space 3} 1462.395
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} 293.0061{col 34}{space 2}  251.491{col 45}{space 1}    1.17{col 54}{space 3}0.245{col 62}{space 4}-202.8345{col 75}{space 3} 788.8467
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 986.4944{col 34}{space 2} 219.6302{col 45}{space 1}    4.49{col 54}{space 3}0.000{col 62}{space 4} 553.4707{col 75}{space 3} 1419.518
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2}-7831.292{col 34}{space 2}  3566.54{col 45}{space 1}   -2.20{col 54}{space 3}0.029{col 62}{space 4}-14863.09{col 75}{space 3}  -799.49
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & oldsouth==1
{txt}(option xb assumed; fitted values)
(3,069 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   205) ={res}   18.96
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   205) ={res}    9.53
{txt}{col 13}Prob > F ={res}    0.0001
{txt}
{com}. 
. 
. * TESTING SQ KLARNER TERMS EQUAL TO ZERO *
. 
. test l.klarnerranneysq = d.klarnerranneysq = l.d.klarnerranneysq = l2.d.klarnerranneysq = l3.d.klarnerranneysq = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranneysq - D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranneysq - LD.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 3)}{space 1} L.klarnerranneysq - L2D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 4)}{space 1} L.klarnerranneysq - L3D.klarnerranneysq = 0{p_end}
{p 0 7}{space 1}{text:( 5)}{space 1} L.klarnerranneysq = 0{p_end}

{txt}       F(  5,   205) ={res}    1.03
{txt}{col 13}Prob > F ={res}    0.4025
{txt}
{com}. 
. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN LINEAR EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.805156{col 26}{space 2} 10.40648{col 37}{space 1}    0.17{col 46}{space 3}0.862{col 54}{space 4} -18.7123{col 67}{space 3} 22.32261
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN QUADRATIC EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney    + d.klarnerranneysq +  l.d.klarnerranneysq +  l2.d.klarnerranneysq 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + D.klarnerranneysq + LD.klarnerranney + LD.klarnerranneysq + L2D.klarnerranney + L2D.klarnerranneysq = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  1.68855{col 26}{space 2} 10.31014{col 37}{space 1}    0.16{col 46}{space 3}0.870{col 54}{space 4}-18.63895{col 67}{space 3} 22.01605
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER LINEAR EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 21.36165{col 26}{space 2} 13.39591{col 37}{space 1}    1.59{col 46}{space 3}0.111{col 54}{space 4} -4.89385{col 67}{space 3} 47.61716
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER QUADRATIC EFFECT *
. 
. nlcom (_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] + _b[l.klarnerranneysq]) / -_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 21.32144{col 26}{space 2} 13.29262{col 37}{space 1}    1.60{col 46}{space 3}0.109{col 54}{space 4}-4.731617{col 67}{space 3} 47.37449
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
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. 
. 
. restore
{txt}
{com}. 
. 
. 
. ******************************************************************************
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. log close
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}E:\Zarit Project\Regional Convergence.Krause & Zarit.10-08-2015.SQ PC COVARIATE MODEL.CONTROLS.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res} 8 Oct 2015, 17:18:52
{txt}{.-}
{smcl}
{txt}{sf}{ul off}